This study deals with a topic of increasing concern--the relations between multinational corporations and their host countries in the Third World. Theodore H. Moran describes how a reaction against dependencia, a realization that the fate of the nation hinges on the decisions made by uncontrollable outside forces, can spur a host country to opt for control of an industry, exposing the country to new dangers as well as new opportunities.
Originally published in 1975.
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"This book encompasses a history of Chilean relations with foreign copper interests, a theory of host-investor relations, an analysis of copper-pricing policies, and a discussion of methods of reducing friction between host countries and foreign suppliers of capital and technology. It is a thoughtful, well-documented attempt to draw theoretical and practical lessons from the post-war movement that led to the nationalization of Kennecott and Anaconda operations in Chile."--Business and Society Review
"… [T]his is a splendid book to be highly recommended to business historians, to students of multinational corporations, to those interested in the problems of economic development (especially dependencia) and to everyone concerned with the interactions between government and business in less developed countries."--Business History Review