Silent Surrender - The Multinational Corporation in Canada

212 Pages·1970·18.738 MB·English

by  Kari Levitt

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SilentSurrender
themultinationalcorporation in Canada

Silent
Surrender
the multinationalcorporation
Canada
in
Kari Levitt
withaprefaceby
Mel Watkins
MacmillanofCanada / Toronto
®KariLevitt1970
—
Allrightsreserved nopartofthisbookmaybe re-
produced inany form without permissioninwriting
fromthepublisher, except bya reviewer who wishes
to quote briefpassages in connection with a review
writtenforinclusioninamagazineornewspaper.
ISBN0-7705-0374-8
LibraryofCongressCatalogueCardNo. 74-123193
Reprinted 1972, 1974, 1975, 1979
PrintedinCanadaforthe
MacmillanCompanyofCanadaLimited
70BondSt., Toronto
7
Contents
Preface Mel Watkins ix
Introduction xix
1. TheRecolonizationofCanada 1
2. TheOldMercantilismandtheNew 1
3. TheRiseoftheNationState 46
4. RegressiontoDependence 58
5. PT/zo Decides? 71
MetropolisandHinterland 92
(5.
7. TTz^HarvestofLengtheningDependence 116
Appendix: TheNewMercantilismof
U.S. DirectInvestment 157

List of Tables
1. ForeignDirectInvestmentinCanada, 1945and 1965 60
2. Non-ResidentControlasaPercentageofSelected
CanadianIndustries, 1926-1963 61
3. ForeignCapitalInvestedinCanada,Selected
YearEnds 66
4. ChangesinCanadianLong-TermIndebtedness,
SelectPeriods 67
5. LocusofControlofCanadianIndustry, 1963 120
6. ConcentrationofForeignDirectInvestmentinthe
Commodity-ProducingSectors, 1963 122
7. RandDExpendituresasPercentagesofManu-
facturingIndustrySales,Canadaandthe
UnitedStates 132
8. RelationshipBetweenResearchEffortandExport
Performanceof19U.S. Manufacturing
Industries 134
Appendix
1. GeographicDistributionofU.S. Direct
Investment, 1897-1966 160-1
2. IndustrialDistributionofU.S. DirectForeign
Investment 162
3. NetAnnualFlowsofU.S.Capitalfor
DirectInvestments 162
1
4. U.S.AnnualOutflowofDirectInvestmentin
CanadaasaPercentageofU.S. Direct
InvestmentinallCountries, 1950-1964 163
5. ValueofU.S. DirectInvestmentsAbroadin 1966 164
6. CapitalOutflows,RemittedIncomesandNet
BalanceofDirectU.S. Foreign
Investments, 1900-1967 166
7. "CapitalAccounts"AccordingtoIndustrialand
GeographicSectors, 1950-1964 167
8. CapitalOutflows,IncomesandNetBalancesof
U.S. DirectForeignInvestment,by
GeographicRegionsandbyIndustries 168-9
9. SourcesofPropertyIncomeandRoyalties
RemittedbyU.S. Subsidiaries(Percentages) 170
10. SomeCharacteristicsofU S DirectInvestment
. .
intheSixties(averagesforperiod 1960-67) 172
11. CapitalOutflowof19ParticipatingCompanies,
1957-1960 178
12. SourcesofFundsofU.S. ForeignSubsidiaries,
Three-yearAverage(1963-1965) 180-
13. AcquisitionsandSalesbyU.S.Companiesof
ForeignEnterprises 1963-1967 183