WIR 2002 argues that Transnational Corporations as sources of FDI and exports are important means to further the process of development. What is more, the report brings back the much-maligned 'State' by giving it a role not as an agency protecting domestic against foreign investors, but as an important instrument for attracting FDI and increasing its developmental impact. The report uses the rise in developing country share in FDI inflows to emphasise that, though the FDI flows are still predominantly between the developed economies, the developing countries are growing in importance as destinations and, in a few cases, as sources of FDI.
 
January 18, 2003.