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Multiplying Multinationals
* Multinational corporations now number some 63,000 parent firms with approximately 690,000 foreign affiliates, spanning virtually all countries and economic activities. * Sales of foreign affiliates worldwide have gone from $3 trillion in 1980 to $ 14 trillion in 1999, nearly double the total value of global exports. * The foreign affiliates of the top 100 multinationals employ over 6 million people, and their foreign sales top $2 trillion dollars. UNCTAD World Investment Report 2000: Cross-border Mergers and Acquisitions and Development. (www.unctad.org) |
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