Introduction: multinational enterprises, innovation and geography in todays’ globalized world - Multinationals and Economic Geography - page 21

Table 1.4 (continued)

Ranking by: Corporation Home

economy

Industry c TNI b

(per
cent)

Foreign
assets

TNI b

75 14 Beijing

Enterprises
Holdings Ltd.

China Diversified 77.0

54 15 Suzlon Energy

Limited

India Diversified 75.7

62 16 Pou Chen

Corp

Taiwan
Province of
China

Other consumer
goods

71.6

29 17 Hindalco

Industries
Limited

India Diversified 71.6

15 18 Tata Steel Ltd. India Metal and metal

products

69.8

98 19 TPV

Technology
Limited

China Wholesale trade 69.8

24 20 Qatar

Telecom

Qatar Telecommunications 69.7

Source: UNCTAD/Erasmus Universities database.
a All data are based on the companies' annual reports unless otherwise stated.
b TNI is calculated as the average of the following three ratios: foreign assets
to total assets, foreign sales to total sales, foreign employment to total
employment.
c Industry classification for companies follows the United States Standard
Industrial Classification Commission (SEC).
d In some cases foreign employment was calculated as the share of foreign
employment in total employment of the previous year to total employment of
2008.

However, to explain more recent trends, in 2006 74 per cent
of the international policy measures instituted to facilitate FDI
came from developing countries (UNCTAD 2007). These policy
changes focus on issues such as reducing corporate taxes,
structural liberalization and deregulation. As a result, develop-
ing countries are rapidly increasing their shares of FDI in other
developing countries: this is particularly noticeable in the case
of Asian countries (UNCTAD 2010). Yet, even though FDI from