Accession Number : ADA019370
Title : The Recycling of Petrodollars into Equity Positions in the United States Economy.
Descriptive Note : Student essay,
Corporate Author : ARMY WAR COLL CARLISLE BARRACKS PA
Personal Author(s) : Reed,Joseph H.
Report Date : 03 OCT 1975
Pagination or Media Count : 32
Abstract : The basic question is whether or not petrodollars used to purchase U. S. businesses is in the national interest. The foreign control and the economic condition of businesses in terms of capital were examined. The Arab oil nations are rapidly building a surplus of petrodollars. Some of these dollars are being used to purchase controlling interests in some businesses. While there is concern over the possibility of foreign control of industries inherently connected with national defense or vital internal sovereignty, there is also an increasing shortage of capital generation in the U.S. for operation and expansion of businesses and an attending increase in unemployment. Realistically, dangers are not inherent in the concerns over foreign control. The writer concludes that restrictions should not be placed on foreign equity investment, and that the U.S. should seek such investment to supply the capital needed to maintain a viable economy.
Descriptors : *Investments, *National defense, Threat evaluation, Petroleum industry, Foreign, Arabs, United States, Economic analysis, Control, Industrial production, Industrial plants, Commerce, Economics, Industries, United States Government, Policies
Subject Categories : Economics and Cost Analysis
Government and Political Science
Distribution Statement : APPROVED FOR PUBLIC RELEASE