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A note on international business growth in U. S. multinational firms

During the last decade of the 20th century, discussion regarding the "globalization" of the U. S. economy was common. The discussions ranged from the "unlimited potential of foreign markets" to "the disastrous loss of American jobs." Using a sample of approximately 100 of the largest U. S. multinational firms, the purpose of this research is to determine the extent of the relative growth of foreign to domestic operations conducted by these firms. Additionally, an important, highly correlated question is: As the U. S. economy and multinational firms become more global, are diversification benefits enhanced using multinational firms to internationalize domestic portfolios?

That is, given ...

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