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Analysis of recent trends in the foreign ownership and trade of United States high-technology manufactures reveals that foreign-based corporations are intensifying their direct investments in United States technology-intensive industries, that the locations of foreign-owned subsidiaries are becoming increasingly dispered thoughout the country, and that the industry-level concentration of foreign direct investments is highly correlated with the specialization of United States high-technology imports from the principal investing countries.
Notes
∗Support from the National Science Foundation (Grant No. SOC 78–24398) is gratefully acknowledged.