During 16th & 17th century the International trade was carried out by INDIVIDUAL SEEKING FORTUNES at SOARING PRICES.
The fabulous profit motivated some firms to operate abroad.
East India Company moved to India during 17th century.
Industrial Revolution in Europe changed the character of International business.
Changed Character of ib Exporting back to Raw material producing country Extracting Processing Transporting HOME INDUSTRYPLANNING Finished goods
POST WAR DEVELOPMENTS Since 1940s- US economy turned out as strongest one which leads to rapid internationalization of their firms till 1950s with FDI $12 to $80 billion (Rs.12000000000-Rs.80000000000). Since 1960s- European firms turned into internationalization. 1970s-80s-Japanese MNCs faced the oil crisis but became the largest producers of AUTOMOBILES, till the position was enjoyed by the U.S. 1983s-1990- FDI outflow grew at an average annually & 27%.