American investment in Australian industry

Abstract

Never before in Australia{u2019}s history has there been so much popular concern over the growth of foreign investment in the economy. Why can Australians not buy shares in so many of the large foreign-owned subsidiaries? Are they being exploited by highly profitable foreign companies? Is Australia losing control of its own economic destiny? These and other questions are increasingly worrying not only the ordinary citizen but also senior government ministers. In this controversial book, written as much for the interested layman as for the economist, Dr Brash attempts answers to many of these questions. His study deals only with American corporate investment in Australian manufacturing industry, but his conclusions are significant for any country that is concerned about large amounts of foreign capital invested in its industry. In the author{u2019}s own words {u2018}the conclusions of the study may well be unpopular with both Right and Left{u2019}.