Introduction & Basic Definitions
Globalisation – the growing integration of economies around the world and the increasing international activities of companies – has been one of the most intensively discussed topics over recent decades. Cross-border activities of companies take various forms: has been constantly and strongly rising over the last decades. What is even more important as an indicator for its relevance is that worldwide exports are consistently growing more strongly than worldwide gross domestic product (GDP). This indicates that the world GDP is increasingly produced and consumed in cross-border processes. For companies, as well as for countries, international trade can be i.e., selling merchandise and services to customers in other countries, or i.e., buying merchandise and services from suppliers in other countries. Secondly, companies have increasingly undertaken (FDI) and, e.g., established production plants abroad. Over the past two decades, global FDI flows have increased twice as fast as global GDP.
KeywordsCorporate Social Responsibility Foreign Direct Investment Gross Domestic Product International Management Foreign Subsidiary
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