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  • Robert E. Lipsey, Robert C. Feenstra, Carl H. Hahn, and George N. Hatsopoulos, International Capital Flows (University of Chicago Press, 1999), chap. 6, https://www.nber.org/books-and-chapters/international-capital-flows/role-foreign-direct-investment-international-capital-flows.

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Direct investment has accounted for about a quarter of total international capital outflows in the 1990s and appears...

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