International Capital Flows: New Trends and Countermeasures

Author: Sang Baichuan
Publisher:
Publish Date: 2003-01-01
Features: Since the mid-to-late 1990s, international capital flows have exhibited numerous new characteristics and trends. To adapt to the requirements of international productivity development, under the conditions of economic informatization, the arrival of the new economy era, the prominence of economies of scale, and increasing marginal returns, the international competitive landscape is undergoing significant changes. Cross-border mergers and acquisitions are booming, with tens of billions or even hundreds of billions of dollars in deals occurring back-to-back. Multinational corporations are so wealthy that they rival nations, commanding international leading technologies and marketing concepts. They dominate the global competitive arena, setting trends and controlling the pulse of the world economy, making it difficult for small businesses to keep up. Consequently, small businesses can only engage in cooperation and competition with them in different domains.