World Investment Report 2007 (transnational Corporations, Extractive Industries And Development)

World Investment Report 2007 (WIR07) is the seventeenth in a series published by the United Nations Conference on Trade and Development (UNCTAD). The Report analyses the latest trends in foreign direct investment the extraction of oil, gas, and metal minerals. Higher prices for many minerals have led to renewed investor interest in the extractive industries. TNCs-including some of the world's largest corporations-play a key role in the mining of metals and in the extraction of oil and gas. Privately owned TNCs dominate the mining of metal minerals, while State-owned companies from developing and transition economies are key players in oil and gas. Many such State-owned firms are emerging as TNCs in their own right. Drawing on unique data, the Report examines TNC involvement in the extraction of mineral resources and maps the key countries and companies. It also discusses how the forces driving investment change as raw materials progres up the "value chain" to become finished products, and as different types of companies participate. In view of recent discussion of the so-called "resource curse," the Report explores how the participation of TNCs may help or hinder long-term, broad-based economic development in developing countries-- the best approach for reducing poverty and raising living standards.
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Preface Acknowledgements Overview PART ONE WIDESPREAD GROWTH IN FDI Global Trends: Sustained Growth in FDI Flows Regional Trends PART TWO TRANSNATIONAL CORPORATIONS, EXTRACTIVE INDUSTRIES AND DEVELOPMENT Features of the Extractive Industries TNCs in Extractive Industries Development Implications for Host Countries The Policy Challenge References Annexes Boxes