By Bert Kinzey
C&M Vol. 15
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Extra resources for Colors & Markings of the A-7 Corsair II, Part 2: Pacific Coast Squadrons - C&M Vol. 15
For example, greater capital mobility has permitted many governments, for good or ill, to initiate development projects that previously had been 33 STRUCTURAL CHANGES starved by capital shortage and has helped raise the levels of ambition for future competitiveness and importance on the world stage. Most critically, the clash between mobile resources and the largely immobile labour base of an economy has changed the ground rules for determining the attractiveness of a country to potential investors.
We aim to show how interdependence affects the options open to both, and why the criteria they use for choice and action can only usefully be considered in the framework first of the triangular nature of the bargaining and second of the matrix of multiple, but related agendas affecting their relationships. It follows from the above that the skills of managing multiple agendas simultaneously are at a growing premium - for governments, 29 THE NEW DIPLOMACY and also for firms. Governments need to manage a series of difficult trade-offs among competing internal and external objectives.
Indeed, if one excludes USsourced FDI, the USA alone has attracted 60 per cent of all FDI flows during the 1980s. The declining US share of FDI is leading to a more diffused structure of economic power and a more fiercely contested international market. Though these estimates should not be taken too literally, they indicate the orders of magnitude of the multinationals' activities. Impressive as $1 trillion sounds, the real asset base is even higher if one takes into account the effects of debt and the indirect effects of the non-equity and contractual forms of association, the so-called New Forms of Investment (NFI) that have been growing rapidly in recent years.
Colors & Markings of the A-7 Corsair II, Part 2: Pacific Coast Squadrons - C&M Vol. 15 by Bert Kinzey