It is arguable that one of the most insightful perches from which to observe its workings is that of a scholar of foreign investment. There are 612 pages of text and 254 pages of footnotes.Ī modern capitalist economy is a highly complex phenomenon. The current volume is a comprehensive history of the cross-border inflows from 1914 to 1945, covering both foreign direct investment (FDI) and foreign portfolio investment (FPI) in the United States. Previous volumes include The Emergence of Multinational Enterprise: American Business Abroad from the Colonial Era to 1914 (1970), The Maturing of Multinational Enterprise: American Business Abroad from 1914 to 1970 (1974), and The History of Foreign Investment in the United States to 1914 (1989), all published by Harvard University Press. The current volume is Wilkins’s fourth on the subject of American cross-border investment flows. Mira Wilkins is the foremost authority on both foreign investment in the United States and U.S. However, in this case the book jacket writer is underselling the author.
The book jacket of this volume describes the author, Mira Wilkins of Florida International University, as “the foremost authority on foreign investment in the United States.” Book jackets are known for their hyperbole and general flimflam.
Reviewed for EH.NET by Michael Edelstein, Department of Economics, Queens College and the Graduate School, City University of New York. Cambridge MA: Harvard University Press, 2004. Mira Wilkins, The History of Foreign Investment in the United States, 1914-1945. The History of Foreign Investment in the United States, 1914-1945 Author(s):
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