Abstract
Business goes abroad and stays abroad for busi ness reasons—for earnings. This limits the role it can play in economic development of underdeveloped countries, which requires large amounts of social overhead which business can not supply. Nevertheless, business has an important, if second ary, role to play and can play it if, instead of seeking com mitments protecting investment, it and the host countries make business judgments, on a self-interest basis, to invest and to welcome investment. Developing countries will attempt to make such judgments, despite their mixed feelings about pri vate investment, because of their need for capital, in the process attempting to guard against outside domination.
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