INVESTMENT: A Safe Haven for Frightened Funds

Whatever the merits of the quarrels in Washington these days about the health of the American economy, there is one element of the business scene so bracing that Commerce Department officials become ecstatic when they talk about it. The flow of foreign funds into the U.S. has crested in a seemingly endless wave that is nourishing local economies from ailing New York to the striving Sunbelt states. Since 1971 total foreign direct investment has more than doubled from $13.7 billion to an estimated $30 billion in 1976. The Western Europeans, in particular,...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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