Large Scale Direct Opec Investment in Us Enterprise And the Theory of Foreign

Cover Large Scale Direct Opec Investment in Us Enterprise And the Theory of Foreign
Large Scale Direct Opec Investment in Us Enterprise And the Theory of Foreign
Stephen Jay Kobrin
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Grubel, "Internationally Diversified Portfolios, " American Economic Review (December, 1968). Donald R. Lessard, "World, Country, and Industry Relationships in Equity Returns, " (SSM WP 766-75) provides up-to-date estimates of gains from international diversification.
However, Ragner Nurkse, "International Investment Today in the Height of Nineteenth Century Experience, " Economic Journal (- 1954) suggests that much of this portfolio investment involved more than simple arms- length financing t
...ransactions. He notes that in the case of the U. K. It went largely to countries with recent English immigration, and often paid for U. K. Produced capital goods.
Sodersten, op_. Cit .
c Charles P. Kindleberger, American Business Abroad, (New Haven: Yale 10 11 12 13 14 15 -20- University Press, 1969), p. 4.
John H. Dunning, Studies in International Investment, (London: George Allen and Unwin Ltd. , 1970), p. 4.
Charles P. Kindleberger, International Economics, fourth edition, (Homewood, Illinois: Richard D.


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