Abstract
Economic reality often changes rapidly—sometimes, unfortunately, so rapidly that even its most acute observers are left behind the rush of events. This is particularly true of the study of foreign investment. Though Marxist thought has always acknowledged foreign investment to be a bulwark of international capitalism, and though the recent changes in its structure, resulting from extreme concentration of its financial and technological resources and leading to the awesome giantism of the "multinational corporation," have been thoroughly analyzed along Marxist lines by Baran, Sweezy, Frank, and Magdoff, certain aspects of the phenomenon have been relatively neglected, both by most of its critics as well as by its apologists.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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