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Published by the United
Nations Conference on Trade and Development - UNCTAD
WORLD INVESTMENT REPORT 2000
Cross-border Mergers and Acquisitions and Development
The contribution of foreign direct investment to
development is now widely recognized.
There is a perception, however, that this contribution
may be affected by the way investment enters a country. It
may come in the form of a new enterprise or the expansion
of an existing enterprise; it may also come through a
merger or an acquisition. Acquisitions, in particular,
arouse concerns, especially over employment, ownership and
market structure. And the concerns become urgent when the
host economy is a developing one.
Given the recent explosion in cross-border mergers and
acquisitions, UNCTAD´s 10th World Investment Report is a
highly timely and important document. This phenomenon
calls for just the sort of careful and dispassionate
analysis that has become the hallmark of the WIRs.
Cross-border mergers and acquisitions are a part of
economic life in a liberalizing and globalizing world. But
accepting a more open market in the interests of growth
and development does not mean relaxing the requirements of
public vigilance. On the contrary, a freer market - and
particularly the emerging global market for enterprises -
calls for greater vigilance as well as stronger and better
governance. To this end, World Investment Report 2000
provides us with a valuable resource.
Kofi A. Annan
Secretary-General of the United Nations
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Chapter I
GLOBAL TRENDS: THE EXPANDING INTERNATIONAL
PRODUCTION SYSTEM |
| A. |
The growth of
international production remains unabated |
| B. |
Countries
continue to liberalize FDI regimes |
| C. |
Enterprises
seek to become more international |
| D. |
M&As take
the lead |
| E. |
International
production expands in scope and depth |
| F. |
Challenges |
Chapter II
REGIONAL TREND |
| A. |
Developed
countries |
| B. |
Developing
countries |
| C. |
Central and
Eastern Europe |
Chapter III
THE LARGEST TRANSNATIONAL CORPORATIONS |
| A. |
The 100
largest TNCs worldwide |
| B. |
The largest
50 TNCs from |
| C. |
The largest
25 TNCs from Central Europe |
Chapter IV
TRENDS IN CROSS-BORDER Mergers & Acquisitions
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| A. |
Definitions
and classifications |
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| B. |
Trends and
characteristics |
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Chapter V
PERFORMANCE, MOTIVATIONS AND OUTLOOK |
| A. |
Corporate
performance of M&As |
| B. |
Why do firms
engage in cross-border M&As ? |
| C. |
A secular
trend |
| D. |
An intriguing
historical parallel |
Chapter VI
FDI AND DEVELOPMENT: DOES MODE OF ENTRY MATTER? |
| A. |
External
financial resources and investment |
| B. |
Technology |
| C. |
Employment
and skills |
| D. |
Export
competitiveness and trade |
| E. |
Market
structure and competition |
| F. |
Summary and
conclusions |
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Book information:
UN Symbol: UNCTAD/WIR/2000
Sales no.: E.00.II.D.20
Date of publication: 03/10/00
ISBN: 92-1-112490-5
No. of pages: 368
To order: Order
form
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