This paper will show that, despite the need for extension of foreign direct investment in the form of multinational corporations to capital-scarce, less developed countries, political risk creates a gap between the demand and supply of foreign investments. In Chapter II, the patterns of foreign direct investment are analyzed. Chapter III reviews the various sources of political risk and concludes that the existence of political risk is an obstacle to the formation of optimum level investment. Chapter IV discusses the relative positions of the less developed countries and the multinational corporations. Chapter V shows the problems caused by the absence of a universal, regulatory institution. Chapter VI presents case studies of corporations based in Chile, Peru, and Angola. Chapter VII suggests ways that political risk can be minimized.

The purpose of this study is to analyze the patterns and magnitudes of per capita expenditures and revenue collections in selected metropolitan areas in an attempt to explain variations in expenditures between metropolitan areas.

This paper examines the economic impact of the African Development Bank on the African continent and compares its resources and those of its counterparts, the Inter-American Development Bank and the Asian Development Bank. The first chapter of the paper discusses the evolution of regional development banks and presents the statements of the problem and the hypothesis of the study. The second chapter analyses the history of the African Development Bank Group, and the .third discusses its lending operations to 1979. The fourth chapter compares the lending activities and resources of the three regional development banks (African, Inter-American, and Asian), and the final chapter presents the paper's conclusions and recommendations.

The purpose of this investigation is to describe and document certain behavioral characteristics of the multinational corporations and to point out some of the special problems they create for economists. Theirs is a new way of organizing and controlling international business units and relatively little is known about the consequences for economics and politics. The primary area of study with which this investigation is concerned is the multinational corporations' economic power and the inability of nations to effectively control it.