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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | The last few decades represent a period of major technical innovation in fields that bear on international investment decisions in fundamental ways. More powerful and cheaper information and communication systems and technical advances in transportation and logistics management, for instance, narrow the divide of distance and enable the greater unbundling of the production process, including across borders and at a global level. This is altering the patterns of national and corporate comparative advantage, leading to the opening of new markets and sectors, notably among services that have not traditionally been a source of, or attracted international investment, and is changing the shape of industrial organisation. This article takes stock of how new technologies are a force advancing the closer integration of economies, reconfiguring both the external and internal organisational structures of international businesses. The impacts of this process of globalisation, driven by technological advances, on the patterns of international investment, how they may continue to evolve and on how international business is conducted are then examined, based on a synthesis of the existing literature and various statistical sources. The analysis provides the grounds for the final, forward-looking section of the article, which identifies the potential issues facing the investment policy community now and in the coming years. |
| Page Count | 25 |
| Starting Page | 47 |
| Ending Page | 67 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2006-09-18 |
| Access Restriction | Open |
| Subject Keyword | Finance and Investment |
| Content Type | Text |
| Resource Type | Chapter |
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