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Who owns international business?

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  • Robert Grosse

Abstract

International business in the past century has largely been the domain of large multinational enterprises and banks, as well as small exporting and importing companies. The scope of international business activity has grown in recent years, and today there are many State-owned companies involved in international business activities, as well as financial investors rather than only industrial or commercial companies undertaking foreign direct investment (FDI). Government policy toward international business has largely been supportive since the 1990s, while concerns have arisen particularly in regard to the activities of State-owned enterprises and also the activities of non-traditional investors such as investment funds. To achieve the greatest benefits from FDI and trade, governments need to understand which companies are making the key decisions in global value chains and to collaborate in rule-setting and in guiding companies to pursue desirable activities and to limit non-business goal-seeking.

Suggested Citation

  • Robert Grosse, . "Who owns international business?," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    • Handle: RePEc:unc:tncjou:80
    as

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    File URL: https://unctad.org/system/files/official-document/diaeia2021d3a9_en.pdf?repec
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    References listed on IDEAS

    as
    1. Andrew B. Bernard & J. Bradford Jensen & Peter K. Schott, 2009. "Importers, Exporters and Multinationals: A Portrait of Firms in the U.S. that Trade Goods," NBER Chapters, in: Producer Dynamics: New Evidence from Micro Data, pages 513-552, National Bureau of Economic Research, Inc.
    2. Eleonora Alabrese & Bruno Casella, . "The blurring of corporate investor nationality and complex ownership structures," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    3. William L. Megginson & Diego Lopez & Asif I. Malik, 2021. "The Rise of State-Owned Investors: Sovereign Wealth Funds and Public Pension Funds," Annual Review of Financial Economics, Annual Reviews, vol. 13(1), pages 247-270, November.
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