INVESTORS and managers of the chemical process industries have had their interest stimulated in foreign investments as a result of the Point Four of the President's Inaugural Address a year ago, calling for technical assistance and investments in underdeveloped areas. It is known that lack of technical and economic know-how has retarded the progress of many of these countries. American industry has already invested considerable sums abroad as can be seen from Table I. In fact, it has been estimated at about $11.4 billion at the end of 1948, most of it in direct investments. While before 1929 most of the investments were in public utilities, the chemical process industries have predominated during the past two decades. The pulp and paper production of Canada, mining and smelting enterprises throughout the world, and more recently, petroleum outlays in Venezuela and Saudi Arabia, are the more publicized, yet by no means the only significant foreign investments. Recent ...