Corporations: The Biggest Abroad

FORTUNE'S 500, an annual ranking of the largest U.S. industrial corporations, has long been a kind of Burke's Peerage of business. Less widely known is FORTUNE'S listing of the top 200 foreign industries. The results of the overseas survey, as published in the magazine's current issue, will come as an eye opener to most U.S. businessmen.

For the first time in three years, foreign companies outperformed the 500 leading U.S. firms in the growth rate of sales. The combined sales of the 200 were up 8.3% in 1967, down from the previous year's 9.5% but still ahead of the 500...