INVESTMENTS: Obstacle Course

The Administration, which hopes to make private investment abroad a big part of its "Trade, Not Aid" program, got some discouraging news last week from one of the program's most ardent supporters. In a 132-page report, the first installment of a three-part study, the Commerce Department's Office of International Trade tested the climate for U.S. venture capital in the world's major countries and came to a chilling conclusion: "Prospects for a greatly increased flow of U.S. private investment abroad are unfavorable in the next few years."

Everywhere OIT men looked, they saw the same basic obstacles: currency restrictions, freezing of investment...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!