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These business giants are referred to as "engines of development",
because it ?is claimed that they do more to improve the economic life in
less developed countries than all overnmental foreign aid programs have
ever done. By setting up factories abroad, they provide
(9)
jobs; by equipping these factories with the latest machines and equipment,
they make available the most modern technology. Because goods are now produced
within the less developed countries, there is less need for them to import
from abroad and their balance of payments (10)
will improve.
Multinational corporations
today do not need their countries to provide military force to open foreign
countries to their investment products and sales. In fact, they do better
on their own. It may have been necessary in the mid-nineteen century for
Admiral Perry to threaten the Japanese with naval bombardment ?if they did
not allow Western countries to trade with them. Such threats would ?make
no sense (11)
today. The long, expensive American war in Viet Nam did not bring ?new opportunities
in Southeast Asia for the multinational corporations. The decision of the
Nixon administration to improve relations with China was more profitable
to them. |
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English
Intensive Reading 
Introduction
