The global economy is being driven by cross-border direct investments and cooperative business ventures on an unprecedented scale. Increasing shares of the markets for goods, services, capital, and technology are being intermediated by transnational firms of all sizes. This book focuses on the impact of this globalization of business on developing countries. Who are the probable winners and losers? How are governments responding, in terms of national policies and regional approaches, and what are the signals they send to companies? Are there any winning strategies in the more competitive global economic environment?