A collection of fourteen essays, most presented as papers at Overseas Development Council seminars held during 1970-71, and some subsequently reprinted in the periodical literature, e.g., the Columbia Journal of World Business. The general tone, struck in Hunter's lead piece, is paternalistic and expansionist: ""the United States will continue to be faced with challenges and called upon to exercise responsibilities in Europe, in Asia, and in the developing world."" All contributors to the section on foreign aid, for instance (with the exception of Senator Frank Church), support the concept. Likewise, penetration of underdeveloped nations by American-dominated multinational corporations is treated as a universally desirable trend, with little recognition that host governments have practically no authority over the activities of these supranational enterprises. But Jack Behrman, discussing ""The Multinational Corporation in Latin America,"" does say that individual countries must decide how much they will ""sacrifice efficiency in order to gain a more acceptable sharing of benefits and control,"" which is a quaint way of putting it to say the least, typical of the volume overall. Most libraries and students will develop very nicely without this one.