continental European and Japanese multi- nationals and their development of sophisticated technology and managerial skills. The quadrupling of oil prices OPEC countries also gave a great boost to the demand for energy-saving products and proc- esses that were already on hand in resource-short Europe and Japan.
What about the future? U.S. multinationals must now compete with a variety of new trading companies, import houses, and retailers to provide private investment capital, technology, and marketing...