The World and Easter Islands: Beyond Our Means
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April 3, 2005
Billmon: Beyond Our Means
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I cannot delete this thread as Bernhard has put it up, but I would kindly suggest that you use my post above on oil scenarios (where I have included a reference to Billmon’s offering), as the subject is close enough to mine that it makes sense to talk about both in one place.
Posted by: Jérôme | Apr 3 2005 23:19 utc | 1
Trading places
There were 7,258 multinational companies worldwide in 1969. Thirty-one years later, in 2000, the number had increased ninefold to more than 63,000. By that year, multinationals accounted for 80 percent of the world’s industrial production.
But what is a multinational? Most Americans would answer: a big American manufacturer with foreign subsidiaries. That is wrong in almost every particular.
American-based multinationals are only a fraction–and a diminishing one–of all multinationals. Only 185 of the world’s 500 largest multinationals–fewer than 40 percent–are headquartered in the United States (the European Union has 126, Japan 108). And multinationals are growing much faster outside the United States, especially in Japan, Mexico, and lately, Brazil….
Posted by: New economics | Apr 3 2005 23:29 utc | 2
That was one of the better ones — especially the Easter Island pic. I was scrolling down and didn’t see the pic until I actually got down to it and I literally Laughed Out Loud 🙂
Posted by: dave from Chicago | Apr 5 2005 3:30 utc | 4