Kenneth Crowe

(THE CONTEXT: Foreign investment in the United States is burgeoning, while public consciousness of this perennial phenomenon has been raised by the prospect of Middle Eastern oil money buying large pieces of American corporations and real estate. The traditional investors in the U.S. have been the Europeans, but in recent years, nouveau investors…the Japanese, the Arabs, the Iranians…have appeared on the American horizon. An understanding of the impact of foreign money and foreign ownership is obscured by a lack of knowledge. The following article deals with a Saudi Arabian businessman’s investment in an American agribusiness.) Whenever the United Nations General Assembly has met in recent years, heads of state, foreign ministers and others with the power to spend the fabled piles of petrodollars have gathered from remote parts of the Middle East into easily-accessible New York City. Considering the stories flowing out of the Middle East about American businessmen going through the exhausting “drill” of waiting long hours and days in anterooms and enduring the indignities of intestinal water bugs and sleeping on extravagently-priced cots

(THE CONTEXT: Foreign investment in the United States is burgeoning, while public consciousness of this perennial phenomenon has been raised by the prospect of Middle Eastern oil money buying large pieces of American corporations and real estate. The traditional investors in the U.S. have been the Europeans, but in recent years, nouveau investors…the Japanese, the Arabs, the Iranians…have appeared on the American horizon. An understanding of the impact of foreign money and foreign ownersnip is obscured by a lack of knowledge. The following article traces the career of one of the Ford Administration’s most important economic policy makers from his role as a corporate executive putting together a multi-billion dollar deal in Saudi Arabia to his appointment as an Under Secretary of State.) Charles W. Robinson, the Under Secretary of State for Economic Affairs, returned from Moscow a few weeks ago with a five-year plan to sell American wheat to the Soviet Union. Missing from his porfolio was a hoped for parallel contract binding the Russians to provide oil to the United States at a

(THE CONTEXT: Foreign investment in the United States is burgeoning, while public consciousness of this perennial phenomenon has been raised by the prospect of Middle Eastern oil money buying large pieces of American corporations and real estate. The traditional investors in the U.S. have been the Europeans, but in recent years, nouveau investors…the Japanese, the Arabs, the Iranians…have appeared on the American horizon. An understanding of the impact of foreign money and foreign ownership is obscured by a lack of knowledge. The following is an examination of a Japanese investment in the U.S.) Everything that is attractive about foreign investment is present in the Japanese mini steel mill now under construction in Auburn, N.Y.: a new industry, new jobs, new capital, and the prospect of stimulating the American steel industry with competition and techniques designed to multiply productivity. And besides all of the above, the Japanese were invited to Auburn by the local community which is hungry for jobs and industry with their implied promise of prosperity. The Auburn Steel Co. Inc. is the first