An Introduction to the Multinationals - download pdf or read online
By Michel Ghertman, Margaret Allen (auth.)
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Extra info for An Introduction to the Multinationals
Of course multinationals existed, but they were producing mainly where they were selling. Only European and Japanese firms were exporting, principally to the United States. After 1973, the situation changed when the price of oil almost trebled. In order to maintain independence in energy and political strategy, and correct the balance of payments, the Nixon administration set up strict norms for petrol consumption, which had never before been limited. In 1980 all cars made in the United States had to get at least 20 miles to a gallon of petrol.
7 per cent. The penetration of multinationals in the manufacturing industries varies according to sectors. 2. gives some idea of this. 3 per cent for Japan. 2 per cent for Japan. 7 per cent of employees are employed by multinationals. 2 per cent. 3 Multinationals and home country The word 'multinational' is linked to the image of a foreign enterprise. In the United Kingdom one thinks of Ford or Michelin as multinationals rather than BL or Boots. The latter two firms are, however, much more important for the British economy than the North American and the French giants mentioned.
22 These examples all clearly illustrate the fact that the companies which invested mostly in the developed countries have suffered the least from nationalization. Thus, from 1960 to 1976 of the 1447 nationalizations which took place throughout the world, only 200 took place in developed countries. 23 MANUFACTURING: AUTOMOBILES The growth of multinational companies in automobile manufacturing was to begin with a European phenomenon, beginning at the end of the nineteenth century. In 1896 Daimler, the German-based company (later to become DaimlerBenz), set up a factory in England.
An Introduction to the Multinationals by Michel Ghertman, Margaret Allen (auth.)