By Volker Bornschier
The relaunch of ecu integration within the Eighties and Nineteen Nineties will have an effect on profoundly the continent's direction within the twenty-first century. the ecu fee, bureaucratic cupboards, nationwide diplomats, transnational businesses, strain teams and representatives of the areas have set in movement a procedure that's altering statehood in Europe dramatically. according to greater than thirty interviews with european commissioners, managers of ecu transnational businesses and nationwide diplomats, this quantity is a worthwhile contribution to the talk at the way forward for Europe on the planet method.
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This is followed by a list of different elements, the support of business as well as measures against side-effects and a vision: `preparation of the transition to a society, in which information is seen as a raw material, which is used in agreement with the social partners and on the basis of the corresponding offers for education and training' (CEC 1991a: 10). 20 State-building and political entrepreneurship It was not only protection inside the EC that was envisioned in these tasks. In the words of the Commission: `Considering the growing challenges in the area of Information and Communication Technologies the Community must prove its joint action towards third party states.
Notes: The shares for the European Community and later European Union (EU) cover only the member states at the time. 25 per cent. The `Four Tigers' are Hong Kong, Singapore, South Korea and Taiwan. Union. The share ®gures for the European Union are thus not exactly comparable to the ones for Japan and the United States, since owning stocks in France in the case of a Dutch transnational corporation does not mean overcoming the same obstacles as owning similar stock there for a Japanese or US company.
Normally there is considerable overlap between foreign trade and foreign direct investment patterns; about half of world trade is channelled by TNCs. Before we come to structures of foreign trade and stocks of foreign direct investment let us brie¯y look at shifts in the relative importance of foreign trade and stocks of foreign direct investment in the world economy. The relative importance of both foreign trade and stock of foreign direct investment increased in the postwar era, although not continuously.