In spite of the rather flashy title, this is a scholarly book, indeed, a largely factual one. Several authors examine the organization and operation of companies owned by the Soviet and East European governments in Germany, Austria, Sweden, Britain and Ireland (with a brief look at the developing countries). The data, though several years old, are useful and go somewhat beyond the basic work that has been carried on for some time at Carleton University in Ottawa. Not surprisingly, few of these enterprises show signs of developing as Western multinationals have done.