1. Y376 International Political Economy January 30, 2012

4. Table 7-3. Important Regional Trade Agreements Region Name Acronym Europe European Union EU European Free Trade Association EFTA North America North American Free Trade Agreement NAFTA Latin America and the Caribbean Latin American Integration Association LAIA Andean Common Market ANCOM Central American Common Market CACM Southern Cone Common Market Mercosur Caribbean Community CARICOM Africa Arab Maghreb Union UMA Economic Community of Central African States ECCAS Central African Customs and Economic Union CACEU Economic Community of West African States ECOWAS West African Economic Community CEAO Southern African Development Community SADC Asia Association of South-East Asian Nations ASEAN Asia Pacific Economic Cooperation APEC Economic Cooperation Organization ECO South Asian Association for Regional Cooperation SAARC Middle East Gulf Cooperation Council GCC

6. Members of the EU 1952 Belgium, France, Germany, Italy, Luxembourg, Netherlands 1973 Denmark, Ireland, United Kingdom 1981 Greece 1986 Portugal, Spain 1995 Austria, Finland, Sweden 2004 Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia 2007 Bulgaria, Romania

7. Euro Zone Currency Union Funny video

18. Product-Cycle Theory Maturity Growth Decline Time Sales Source: Raymond Vernon.

22. The Role of Mergers and Acquisitions

23. Outflows of FDI from Developed and Developing Nations, in Billions of Current Dollars, 1970-2010 Source: United Nations Conference on Trade and Development, World Investment Report .

24. Inflows of FDI into Developed and Developing Nations, in Billions of Current Dollars, 1970-2010 Source: United Nations Conference on Trade and Development, World Investment Report .

25. Figure 4-1. Outward Stock of Direct Foreign Investment in Billions of Dollars, 1960-2006 Sources: UNCTC, Transnational Corporations in World Development (New York: UN, 1988); UNCTAD, World Investment Report (Geneva: UNCTAD, 1999 and 2007).

26. Figure 4-5. Inflows of FDI into the Big Five Industrialized Countries, in Billions of Current Dollars, 1965-2006 Source: World Bank, World Data 1994 CD-ROM (Washington, D.C.: World Bank, 1994); UNCTAD, World Investment Report (Geneva: UNCTAD, 2007).

27. Figure 4-7. FDI Inflows into Developing and Transition Economies by Region, in Billions of Dollars, 1970-2006 Source: UNCTAD, World Investment Report 2007 (Geneva: UNCTAD, 2007).

28. Number of MNCS from Developed and Developing Economies

31. Exports vs. Local Production of Automobiles in the United States by Japanese Firms, 1980-1990, in Thousands of Vehicles Source: Japan Automobile Manufacturers Association .