Brewer and Young examine the future of the world economy and the key economic and political forces that will shape it. Considering the implications of historically important changes in the world economy in recent years, including the expansion of the international investments of multinational corporations and the new role of the World Trade Organization (WTO), the authors present numerous examples of how countries have changed their international trade and investment policies, and examine how these changes are affecting firms' strategies and operations worldwide. This book explains the importance to international investment, as well as trade and technology transfer, of the many agreements being implemented by the WTO, and discusses the roles of other international agencies such as the UN, World Bank, OECD, EU, and NAFTA.