Abstract
"Trade liberalization policies have changed the assumptions of economic theory because they have changed the core definition of its concepts-imports and exports. When most trade is done in components rather than finished goods, how do we assign nationaility to value added during the production process? Anguelov analyzes foreign direct investment (FDI) as the core tool behind the internationalization of the production function. He tracks the changing nature of incentives in location and diversification of multinational corporations (MNCs), as well as the role governements have in the creation and implementation of trade policies that impact MNC investments."--back cover.