The International Corporation: A Symposium PDF
Preview The International Corporation: A Symposium
_ , ix4- ^§lfeL_i ]\,f MAA SOSf AA C^THTUTTSOEmTAT^CS INSTITUTE of TECHNOLOGY LIBRARIES G//* of Morris A. Adelman The MIT Press This file has been authorized and provided by the publisher, The MIT Press, as part of its ongoing efforts to make available in digital form older titles that are no longer readily available. This file is provided through internet Archive for library lending, and no further reproduction or distribution is allowed except as permitted by applicable law or in writing by the MIT Press. Digitized by the Internet Archive in 2017 with funding from The Arcadia Fund https://archive.org/details/internationalcorOOkind_0 THE INTERNATIONAL CORPORATION THE INTERNATIONAL CORPORATION A SYMPOSIUM EDITED BY CHARLES P. KINDLEBERGER THE M.I.T. PRESS CAMBRIDGE, MASSACHUSETTS, AND LONDON, ENGLAND DEWEY M.LT. LIBRARIES NOV 81984 RECEIVED Copyright © 1970 by The Massachusetts Institute of Technology Set in Linotype Times Roman and printed by The Heffernan Press Inc. Bound in the United States of America by The Colonial Press Inc. All rights reserved. No part of this book may be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the publisher. SBN 262 11032 6 (hardcover) Library of Congress catalog card number: 76-103898 CONTENTS List of Contributors Vll Introduction Charles P. Kindleberger 1 Part I. The Theory of the International Corporation 1. A Theory of Direct Foreign Investment Robert Z. Aliber 17 2. The Efficiency and Welfare Implications of the International Corporation Harry G. Johnson 35 3. Multinational Corporations and International Oligopoly: The Non-American Challenge Stephen Hymer and Robert Rowthorn 57 Part II. Finance and Technology 4. Direct Investment Controls and the Balance of Payments H. David Willey 95 5. The Supply of Funds for U.S. Direct Foreign Investment Eli Shapiro and Francis J. Deastlov 121 6. Technology, United States Investment, and European Economic Growth John H. Dunning 141 Part III. Law and Politics 7. The International Firm and the National Jurisdiction Seymour J. Rubin 179 8. The Myth of National Interdependence Kenneth N. Waltz 205 v CONTENTS Part IV. Three Industry Studies 9. The Multinational Corporation in World Petroleum M. A. Adelman 227 10. U.S. Automotive Investments Abroad J. Wilner Sundelson 243 11. American Banks in Europe Julien-Pierre Koszul 273 Part V. Three Country Studies 12. Australia as Host to the International Corporation Donald T. Brash 293 13. Direct Foreign Investment in Latin America Carlos F. Diaz Alejandro 319 14. Japan as Host to the International Corporation M. Y. Yoshino 345 Part VI. Prospects for the Future 15. Future of the Multinational Enterprise Raymond Vernon 373 Index 401 vi
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