WHEN in the future historians examine the second half of the
twentieth century, they will no doubt identify the accelerated
inter-nationalization of production as a landmark comparable with
the Industrial Revolution. In this process multinational
enterprises have been leading actors in the past twenty-five years
and are certain to continue to be so in the next quarter-century.
In 1975 the sales of the Western multinational corporations
represented one-fifth of the Gross National Product of all
capitalist countries. If their growth is maintained at the same
rate as over the period 195o-75, by the end of the century this
share will be nearly one-half and the whole capitalist economy may
very well be dominated by some 200 giant corporations of which
three-quarters may be American-based.
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