In This Review

Foreign State Enterprises
Foreign State Enterprises
By Douglas F. Lamont
Basic Books, 1979, 272 pp

Do British Petroleum, the Canadian Development Corporation, the Dutch State Mines, Volkswagen, Renault and other companies wholly or partly owned by foreign governments constitute an economic and political threat to the U.S.? Professor Lamont thinks so, especially when they are internationally competitive and invest in the U.S. He has interesting and controversial material and raises policy proposals that need thinking about. However, this fresh and complicated subject requires fewer cries of alarm and more refined analysis than it gets here, especially as to the assumed strategies of foreign governments, the ability of the firms to serve both political and economic ends, and the relative power of all parties concerned.