In This Review

Storm Over the Multinationals: The Real Issues
Storm Over the Multinationals: The Real Issues
By Raymond Vernon
Harvard University Press, 1977, 260 pp

Long the leading authority on multinationals, Professor Vernon of Harvard has now provided a synthesis of the present state of knowledge and argument that is as concise and clear as it is comprehensive. He quietly jettisons folklore and shibboleths about the nature of the conflicts between sovereigns and companies. Confusion about the real issues plus conflicting national actions threaten serious damage to the world economy. To build an acceptable international regime for the multinational enterprise is extremely difficult, especially when "it is hard to detect among the leaders of government and of business any disposition to begin serious work."