Macquarie 1月12日长篇报告。
　　MNCs have reconfigured the world since 1980，utilising the technology revolutionto slice and dice their supply chains into global value chains（GVC）and creatingglobal oligopolistic competition through consolidation，cross-border M&A.The new smart money：FDI flows reflect the political networks utilised by MNCsto make longer term investment decisions.In an increasingly politicalised globaleconomy，we regard this as valuable knowledge.