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The global economy of the 1990s is being driven by cross-border direct investment and co-operative business ventures. This book focuses on the impact of this globalization of business on developing countries. It asks: who are the probable winners and losers?; and how are governments responding in terms of national policies and regional approaches? The early signs of globalization warned of a marginalization of developing countries, but, as the contributions in this book show, an increasing number of developing countries from all regions are actively participating in the globalization of production and markets.