This study chronicles the unique relationship between the
Federal government and the American multinational corporation,
integrating it into the mainstream of American political history.
It is a record of continuous adjustment on the part of both parties
as each side navigated the unchartered waters of this
unconventional partnership. What makes it so relevant historically
is that while the Federal government was adjusting to its postwar
global responsibilities, corporate America in its multinational
dimension was taking on new roles which redefined the international
political economy. It involved international oil companies
impacting our relations with the volatile Middle East, an economic
Watergate of global dimensions, and an unresolved debate on public
versus private responsibilities toward the Third World and its
multiple economic and social problems. Objectively presented, "
America and the Multinational Corporation" provides the historical
context for tracking the various presidential perspectives from
Truman to Bush as well as the various congressional initiatives to
redefine business-government relations in terms of corporate
America's most aggressive offspring--the multinational.
Professor Reardon moves beyond the initial assessments of the
multinational corporation vis-a-vis the Federal government,
refusing to view it as a threat to the continued survival of the
nation-state or as a force that the Federal government must tame at
all cost. Rather, the partnership is a complex and continuously
evolving relationship that may well be acquiring a new
configuration as the world's economy becomes global rather than
international. His study will be of interest to all students of
contemporary American history as well as scholars in international
political economy.
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