For some 750 U.S. corporations that engage in significant foreign operations, 1967 figures to be a bench-mark year.
Historically, spending for plants and facilities abroad, which has risen from $11.8 billion to $57.6 billion since 1950 and now represents 25% of all capital investment by U.S. companies, has followed a particular priority. The bulk of the funds flowed across the border to Canada, where U.S. business investment, counting another $2.1 billion last year, has reached $17.26 billion. Close behind was Western Europe, where U.S. investment has reached $17.18 billion. Latin America is in third place.
This year, with U.S. firms expected...
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