Business: What Ever Happened to the Molehills?

One of the reasons for the improvement in Britain's balance of trade is the invasion of British business by U.S. businessmen. Few Britons would agree with that statement. But one who does—and is preaching it to anyone who will listen—is Joe Hyman, whose Viyella International Ltd. has grown into one of Britain's largest textile groups and most active exporters.

Hyman has gone so far as to make a statistical study of his own. From 1950 to 1966, according to Hyman's figures, U.S. firms have increased their British investments 600%, from $840 million to $5.6 billion. Today, some 1,650 companies owned or controlled...

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!