In This Review
Global Companies And Public Policy: The Growing Challenge Of Foreign Direct Investment

Global Companies And Public Policy: The Growing Challenge Of Foreign Direct Investment

By DeAnne Julius

Council on Foreign Relations Press (for The Royal Institute of Internationa, 1990, 126 pp.

Concentrating on the large amount of direct investment that links the economies of Japan, the European Community and the United States, this thoughtful book suggests some of the changes that ought to be made in our ways of thinking about trade, comparative and competitive advantage, extraterritoriality, the treatment of foreign firms and the relation of investment to macroeconomic developments. It provides some new ways to measure investment but shows that more data are needed to carry forward new lines of analysis.