ABSTRACT
The main purpose of this study is to enlarge upon the theme of the above quotation, and assess its relevance and implications from the viewpoint of the British economy; to evaluate the extent to which United States business investment in British manufacturing industry-now (1953) valued at close on $1,200 million and growing at the rate of 10-12 per cent per annum-has affected in the past, and is affecting today, the course and efficiency of British industrial development. With the American economy being particularly well endowed with those resources necessary to meet the demands of this increasingly scientific and technological age, yet with the need for the same resources nowhere more keenly felt than in the United Kingdom as she seeks to maintain and expand her export markets, the case for a close Anglo-American relationship is a very strong one. With, too, the UK’s dollar problem still largely unsolved, yet with the external commitments of the United States likely to make heavier demands on her foreign earnings in the future, this would seem an opportune moment to pause and reflect on some of the ways in which US manufacturing subsidiaries and Anglo-American companies operating in the UK have promoted indigenous industrial expansion and aided America’s search for new sales outlets.
