【正文】
inational corporations accounted for less than 20% ofinternational trade in 1982. Today the figure is more than 25% and growingrapidly. International affiliates account for a fastgrowing segment ofproduction in economies that open up and wele foreign investment. InArgentina, for instance, after the reforms of the early 1990s, multinationalswent from 43% to almost 70% of the industrial production of the 200 largestfirms. This phenomenon has created serious concerns over the role of smallereconomic firms, of national businessmen and over the ultimate stability of theworld economy?! et the fact remains that the merger movement must be watched. Afew weeks ago, Alan Greenspan warned against