ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book describes that the international economic structure has become interdependent. All governments have had to face a diminution in their power over their domestic economies brought about by international factors. The rising interdependence in trade has been mirrored by interpenetration of capital and technology. The flows of capital and technology also redistribute power between nation states. In recent years, the United States has attempted to utilise the political power given to it by the capital and technological flows to retain its economic power. The increase in tariffs on microchips, imposed by the British Labour Government in the 1960s was met by an increase in local manufacturing by American multinationals. The microcomputer manufacturers drew attention to the fact that the Computer and Telecommunications Agency's list of approved supplies to government contained, at first, more American than British names.
