From the President (Diane Hastert)|
Action! (Dee Lum)
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Fund Raising Is Everybody's Job
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Report from the Hill
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Temporary Commission for Environmental Planning (Judy Blatchford)
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International Relations and Trade
Multinational Corporation and Economic Development (Barbara Fenton)
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Welcome to these New Members!
The Multinational Corporation and Economic Development
The Multinational Corporation and Economic Development" by Peter Gabriel -- from "Development Today"-a new look at U.S. relations with the poor countries, edited by Robert E. Hunter and John E, Reilly--
The era of direct investment and ownership by U,S. corporations in Third World countries may be ending, Initially welcomed for the economic growth it provides, the privately owned, profit oriented company raises fear of foreign control of the host country's resources and development, and resentment of its profit. Fear of nationalization of its assets increases hesitancy of corporate investment in politically unstable, less developed countries. Eastern bloc interest in foreign investment as "supplier of services and know-how" without foreign ownership is the formula the Third World might follow while companies adapt their natural private ownership role to achieve foreign government acceptance.
|June-July 1973||Top Home Newsletters||September 1973|