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3

Globalisation and Exclusion:

the Marginalisation of the

Third World and the

Strengthening of the Triad

Third World countries have been cast further onto the margins by the

rise in foreign direct investment (FDI) (see Figure 3.1).

Figure 3.1 clearly shows how sharply the flow of investment into

Third World countries has fallen in proportional terms. The fall is

Industrialised countries (%) Developing countries (%) Total value ($bn)

1967 5

1973

1980

1989

69.4

73.S

78.0

80.8

208.1

{SS22.0SS 504.5

aaaaaaaa

1402. S

Figure 3.1 Distribution of foreign direct investment

Source: US Department of Commerce, Bureau of Economic Analysis (from

Chesnais, 1994, p. 49).

36