British Public Policy and Multinationals during the “Dollar Gap” Era, 1945–1960
研究了二战后至1950年代末,英国如何通过外汇和进口管制刺激美国等跨国公司进入,并调控外资流入以最大化美元储备和工业利益。
This article examines the role of British exchange and import controls in stimulating the dramatic increase in overseas (particularly American) multinationals in Britain from the end of the Second World War to the late 1950s, together with the ways in which the government used controls to regulate the foreign direct investment (FDI) inflow. Exchange controls were both an important stimulus to inward investment and a powerful and flexible means of regulating its volume and character. Government was relatively successful in using these powers to maximize the dollar balance and industrial benefits of FDI to Britain, given initially severe dollar and capacity constraints, and in liberalizing policy once these constraints receded and competition from other FDI hosts intensified.