Benefits and Costs for the United States

Francis A. Lees
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Francis A. Lees: St John’s University

Chapter 14 in International Banking and Finance, 1974, pp 357-368 from Palgrave Macmillan

Abstract: Abstract The United States became a world banker in the twentieth century, and has retained this distinction because of the many international financial and banking functions it performs for itself as well as for the rest of the world. We have already examined these functions in various connections. However, it would be well to review them with the objective of establishing a basis for appraising the balance between the benefits derived and costs incurred by the United States in discharging its role as world banker.

Keywords: Foreign Investment; Venture Capital; Multinational Corporation; Domestic Investment; World Banker (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02148-2_14

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DOI: 10.1007/978-1-349-02148-2_14

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