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Few issues in development raise as much heat as the impact of transnational corporations (TNCs) on the South. However, the exact nature of the relationship between foreign direct investment and development remains unclear both conceptually and empirically. The contributors to this edited volume offer a wide-reaching exploration of these links through a series of case studies from Africa, Asia, Latin America and Central Europe. The book also focuses on the role of 'new players' such as Chinese, Indian and South African TNCs.