The International Corporation: A Symposium

436 Pages·1970·85.936 MB·English

by  Edited by Charles Kindleberger

_
,

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