Abstract
International trade has always been an important aspect of economic development and there has been an increasing emphasis on trade as a mechanism for promoting economic growth. In almost every year since the end of the 1940s, the volume of international trade has grown faster than the volume of world production and, as a result, the degree of interdependence of the world economy has increased markedly. A large share of this rapid growth of international trade has been accomplished under the control of multinational corporations, and a good proportion of the MNCs’ exports and imports consist of intra-firm or intra-corporate trade.
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