This book is a study of the economics of the large international
firm, but is at the same time a study of one of the world's most
important industries. International firms face difficult problems
in attempting to deal with the conflicts between their own interest
as world-wide economic organisations on the one hand, that of the
countries in which they operate on the other, and with the
conflicts of interest among the countries which are related to the
international policies of the firms. The author analyses the
underlying problems and points to possible solutions. When it was
first published this was the first book by a professional economist
to look widely at the economics of the international petroleum
industry outside the industrialized countries.
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