ABSTRACT
From a Canadian perspective over the past ten years traditional patterns of foreign direct investment (FDI) have been reversed. Inflows of FDI into Canada (mainly from the United States) have been replaced by surprisingly large outflows of Canadian FDI, again predominantly into the United States. This paper presents recent data on the flows of FDI, examines the reasons for the dramatic reversal, draws out theoretical lessons from an analysis of the major foreign investors and, finally, offers some suggestions for the strategic management of Canada's large multinationals.
