The Insufficiency of Nationalization

J. Tobin, “On Limiting the Domain of Inequality”, in E.S. Phelps, Economic Justice, Penguin Education, 1973, p. 447. For a recent summary of this issue, see A.M. Okun, Equality and Efficiency. The Big Trade-off. The Brookings Institution, Washington D.C. 1974.Google Scholar

“This desire for stability also explains much about the U.S. and Japanese energy expansion into the Soviet Union. As one ‘American banker’ in Hongkong told the Far East Economic Review: To be frank, the Russians have a triple-A credit rating which is something very few people have in this area, and you don’t have problems like corruption in Siberia’.” Emma Rothschild: “What is the ‘Energy Crisis‘?”, New York Review of Books, Vol. 20, No. 12, July 19, 1973, p. 26.Google Scholar

W. R. Hoskins, “How to counter expropriation”. Harvard Business Review, September/October 1970, pp. 102/112.Google Scholar

“The Internationalization of Production — The Role of the Multinational Corporation and of Foreign Private Investment”. UNCTAD III, Research Memorandum No. 3, March 30, 1972, p. 42.Google Scholar

Granma, June 15,1973.Google Scholar

I. Little, T. Scitovsky, and M. Scott, Industry and Trade in Some Developing Countries. A Comparative Study. Oxford University Press 1970.Google Scholar

R. Gustavsson, “Kongo. Fran Lumumba till Mobutu.” Världspolitikens dagsfragor, Ul, Stockholm, No. 8, 1972, p. 27.Google Scholar

L. Mosley, “The Richest Oil Company in the World” The New York Times Magazine, March 10, 1974.Google Scholar

Ibid.Google Scholar

This information is mainly based on St. Laestadius, “Beroende och oberoende”. Meddelandefran SIDAs utredningsbyra, SIDA, Stockholm 1974, Substantiated by a personal visit by the author to Zambia in 1972.Google Scholar

African Development, October 1973, p. 16.Google Scholar