ABSTRACT
Today’s transnational firms are truly world concerns. These global multis, which increasingly move whole production sectors abroad, where they use a local labor force and sell their products, are carrying out production less and less in their home countries. Globalization, driven by the third of the industrial, computer, and telecommunications revolutions, is proceeding rapidly and can no longer be halted. The United States has made a considerable contribution to the globalization of the world economy since World War II—above all thanks to its crucial role in the creation of the Bretton Woods Agreement of 1944, which established the IMF and the World Bank. The increasing disproportion between the enormous financial help provided by the IMF, the World Bank, and private commercial banks and the low performance in the transition to a market economy and democracy raises a question regarding the rationality of the investment.
