BUSINESS ABROAD: Comeback in the West

(See Cover)

In New Delhi last week, Indian government officials pored over plans for a $150 million steel mill. Both Britons and Americans had wanted to build it, but lost out in the bidding. The winner: a group headed by Germany's famed old munitions maker, Krupp. In the busy Brazilian cities of Rio and São Paulo, bars were crowded with German businessmen speaking painfully correct Portuguese, while not far away another huge steel plant was being built by Germans. In Mexico, University City bustled with preparations for Germany's first big Latin American trade exposition...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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