More U.S. venture capital goes to Latin America than any other area of the world and the total is rising fast. A survey made public last week by the U.S. Department of Commerce showed that by 1950's end $4.7 billion. 40% of U.S. foreign investment, had gone into some 2,000 enterprises south of the border. In the two following years the total climbed to $5.7 billion, more than double the figure for 1943. Earnings in 1950 reached $905 million, which foreign income taxes ($250 million), profit plowbacks and other costs whittled down to $500 million.
In the 1950 totals, the...
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