Since the mid-1980s and with the quickening pace of globalisation of the economy, foreign direct investment has become central to worldwide industrial restructuring and one of the most dynamic elements of international transactions.
Until recently, the only internationally available information on foreign investment was on capital stocks and flows, collected for balance of payments statistics. This information is still published by the OECD in its International Direct Investment Statistics Yearbook.
The need to assess the role and impact of direct investment, not only in financial terms but also in the context of its impact on jobs, sales and trade, has underlined the importance of having data indicative of the industrial activity of multinational firms. Measuring globalisation presents detailed data on the role played by multinationals in the OECD economies.
Volume I provides data for the manufacturing sector, including the activity of affiliates of national firms abroad (outward investment), and covers 18 variables, including production, employment, investment, research and trade. Data in this volume relate to the years 1994/95 - 1998/99 and are classified according to International Standard Industrial Classification (ISIC) Revision 3.
Published for the first time, Volume II presents data on the activity of multinational firms in the services sector (FATS). These data relate to inward as well as outward investment. For the time being, only five variables are collected, i.e., turnover (or sales), employment, value added, exports and imports. Data in this volume relate to the results of the 1998 and 1999 surveys. They are classified according to ISIC Revision 3.
The publication gives not only basic data but also the share of an industry that is
"controlled" by foreign multinationals in each country. To obtain these percentages, the same surveys were used to collect data on the activity of all firms (domestic and foreign) in each country and for each of the variables available.
"Measuring Globalisation" can be found in the usual way on SourceOECD or via the OECD Online bookshop. It is available either as a publication (downloadable pdf e-book or paperback) or electronic data product (in print, online and on CD-ROM). In the online data product version, data files relating to volume I are updated annually. Click here for the latest user guide.