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TNC ONLINE   2010-01-16 03:18:46 Author:SystemMaster Source: Font size:[Large][Middle][Small]

Foreign direct investment (FDI) by transnational corporations (TNCs) and the transnational system of production and international economic transactions are now the most dominant elements of both the Chinese and world economies. A rough estimate from UNCTAD suggests that the 300 largest TNCs own or control at least one quarter of the world's productive assets. China's openness to foreign investment is reshaping global value chains and affecting investment decisions worldwide. There is an urgent need for studies of national and international concerns around TNCs and the development of China. This issue provides economic and policy information, as well as analysis related to TNCs, FDI, institutional innovation, and social development in China and the rest of the world.

The current issue features articles, papers, and other documents presented at ‘Transnational Corporations and Canada-China Foreign Direct Investment: Challenges and Opportunities’, an international conference held in Ottawa, Canada in August 2007. The conference was supported by:

  • Vale Columbia Center on Sustainable International Investment at Columbia University, USA;
  • Investment Analysis Branch, United Nations Conference on Trade and Investment (UNCTAD), Geneva, Switzerland;
  • Research Center on Transnational Corporations, Ministry of Commerce of the People’s Republic of China (MOFCOM); and
  • Strategic Investment Analysis Directorate, Industry Canada (Government of Canada) 

The conference was organized by representatives from:

  • TNCOnline Program Initiative;
  • Ottawa United Learning Academy, Canada; and
  • Centre for Transnationals’ Studies, Nankai University, China.

This issue includes presentations given by Professor Manfred Bienefeld of Carleton University in Canada, who was invited to open the conference. Dr. Karl Sauvant of Columbia University in the USA made opening remarks in his capacity as Conference Chair. Dr. Sauvant also chaired the first session of the conference on Globalization and Development Strategies. The conference also invited Dr. Someshwar Rao from Industry Canada to chair the session on FDI and Canada-China Capital Flows, and Dr. Guoming Xian from China’s Nankai University to chair the session on Technology Transfer and Innovation.

In addition, this issue includes papers on TNCs, FDI, institutional innovation, and social development from a number of well-known authors from China and around the world. These papers discuss the role of governments and TNCs in social and economic development. China’s rapid integration into the global economy has created tremendous opportunities for investment and trade between China and the rest of the world. The papers provide a forum for people from policy, academic, and business communities to discuss global investment and trade development concerns.


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