ABSTRACT
Over the years there have been systematic and swift policy shifts among host countries in the developing world towards foreign investment. As seen in the previous chapter there was, for example, a rapid increase in nationalization in the late 1960s and early 1970s, and an even more abrupt termination of this policy in the late 1970s. The universal nature of these shifts suggests that the behaviour of the developing countries is interdependent in some sense.
