June-July 1973

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September 1973

From the President (Diane Hastert) Board Bulletin Action! (Dee Lum) Voters Service - Capitol Tours (Gretel McLane) League Pulse Fund Raising Is Everybody's Job For Your Information - New Charter in Effect GRPP - Where Do We Fit In? Report from the Hill Neighborhood Commission - Do You Live in a Neighborhood? Temporary Commission for Environmental Planning (Judy Blatchford) Leaguers in the Community Are You a Ms, Miss or Mrs? International Relations and Trade Multinational Corporation and Economic Development (Barbara Fenton) News from Congressman Spark M. Matsunaga of Hawaii (Barbara Wiebanga) Welcome to these New Members! Garbage Bag

The Multinational Corporation and Economic Development The Multinational Corporation and Economic Development" by Peter Gabriel -- from "Development Today"-a new look at U.S. relations with the poor countries, edited by Robert E. Hunter and John E, Reilly-- The era of direct investment and ownership by U,S. corporations in Third World countries may be ending, Initially welcomed for the economic growth it provides, the privately owned, profit oriented company raises fear of foreign control of the host country's resources and development, and resentment of its profit. Fear of nationalization of its assets increases hesitancy of corporate investment in politically unstable, less developed countries. Eastern bloc interest in foreign investment as "supplier of services and know-how" without foreign ownership is the formula the Third World might follow while companies adapt their natural private ownership role to achieve foreign government acceptance. Barbara Fenton Member, IR&T Comm.

June-July 1973

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September 1973