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" "How did it come about that only a few international oil companies held concessions to all of this region Middle East at the end of World War II? The answer lies in the bitter struggle of the United States government to gain an entrance for its nationals into the British-dominated Middle East, a struggle which very significantly shaped the structure of the industry as it emerged from World War II.
Neil Herman Jacoby(September 19, 1909 – May 31, 1979) was a university professor and public servant and was widely recognized as an expert on matters of taxation, finance, economic policy, and business-government relationships.
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The growth of the British company population was not interrupted, as it was in the United States, by the economic depression of the 1930’s and World War II. By the middle 1960’s, the United Kingdom was more densely populated with companies in relation to its human population than was the United States, although the reverse had been true in 1935.
Since 1950, American enterprises have invested in virtually every part of the world. Their annual exports in 1976 were more than $117 billion, and their foreign investments in book value were about $133 billion. This unparalleled international movement of goods, capital, technology, and managerial resources has had both successes and failures, but the former have by far outweighed the latter.