First published in 1982. Foreign control of capital is a major
problem for many developing countries and can lead to the exercise
of a form of colonial control whereby capital is provided for
political rather than economic reasons. This book discusses the
implications of this phenomenon for trade theory and the amount of
pressure that foreign countries can exert. The opening chapter
examines the themes of de-industrialisation, of stagnation after an
initial spurt in economic activity, and the premise that inflows of
capital do not necessarily generate growth and expansion. These
initial discussions are developed in the subsequent chapters where
the effects of foreign ownership on the host country's economy and
trade are dealt with fully. This work would be of interest to
students of economics and development.
General
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