C. Fred Bergsten et al.
American Multinationals and American Interests.
Washington, D.C.: The Brookings Institution, 1978. First printing. 081570920X xiii/535 pages.
Volume, measuring approximately 6.5" x 9.5", is bound in dark gray cloth, with stamped gilt lettering to spine. Book is in excellent condition, with solid binding, clean and bright pages. Dust jacket, with old price sticker to rear panel, displays light shelfwear.
The authors of this work "analyze traditional economic theory and a mass of recent evidence on taxation, competition, exports, employment, raw material supply, and foreign policy. Finding the multinationals do not have significant net impact of any kind on the United States, on the functioning of the international economic system, or on U.S. foreign policy, the authors reject all models that have heretofore dominated theories on multinationals. They suggest principles that should govern U.S. policy and make recommendations for the taxation of foreign-source income, for diversifying the sources of raw materials, and for encouraging industrial competition. In addition, they conclude that, since American multinationals are a large component of U.S. engagement in the world economy, the United States must lead in work toward new international rules governing foreign direct investment."