ABSTRACT
INTRODUCTION We begin this chapter on an optimistic note. This last decade of the twentieth century promises to offer more opportunities and challenges for cross-border direct investments and cooperative ventures than any of the others which preceded it. Indeed, the 1990s may well see the maturing of the global economy, the emergence of which began in the 1960s, faltered in the 1970s, and was resuscitated in the 1980s.
