Investment: Going Global

At the turn of the century, U.S. industry's herculean hunger for capital forced most private businesses to "go public." Today, entering an even more radically different era of expanding world trade and multiplying common markets, U.S. corporations may have to take the next logical step and, says General Motors' Chairman Frederic G. Donner, "go global."

What Donner proposes is a vast broadening of industry's base that would make "the ownership of international corporations truly international." Before 2,500 delegates from 50 nations who attended the Eighth International Congress of Accountants in Manhattan last week, Donner argued that stock ownership of worldwide...

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