Archive Report
Archive Report
Flow of Capital into Foreign Investment
Europe's Concern Over U.S. Economic Penetration
The yankee dollar, coveted by Americans and foreigners alike for many decades, is losing some of its attractiveness abroad. This country's tourists are still welcomed as avidly as ever, and European business sometimes finds American capital necessary for expansion. But the flood of dollars into direct investments overseas, with passing of control in some cases to United States interests, has aroused the strong opposition of certain governments and caused grumbling in foreign industrial and financial circles.
The most outspoken opponent of continued American participation in the business expansion of other countries is President Charles de Gaulle of France. Direct investments of American companies in France increased six times over between 1950 and 1963, to a ...