Americans Abroad: The Welcome Grows Cool

A change of attitude is taking place on the international scene that has potentially vast consequences for business men in the U.S. and in many other countries. In some parts of the world particularly Western Europe, there is growing concern that heavy investments by U.S. industry threaten to dominate whole economies. U.S. businessmen last year increased their direct investments abroad by $3.4 billion to a record $41 billion. This year the rate is growing even faster, and the ubiquitous Yankee investors are drawing more and more cries of "dollar imperialism."

Ultranationalists...

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