The growth of FDI and MNCs first started when European capitalists began investing in businesses operating in the American colonies.

Question

Quizplus · Accepted Answer

This statement is true. The growth of foreign direct investment (FDI) and multinational corporations (MNCs) can be traced back to the 17th century when European capitalists began investing in businesses operating in the American colonies. This trend continued to grow as capitalism spread and globalization intensified.

The Growth of FDI and MNCs First Started When European