Markets work most efficiently and the economy of a country develops best when the price and merits of products and services are the criteria that det… - Neil H. Jacoby

Because exporting and importing nations have conflicting goals, and the interests of individual countries within each group are not identical, United Nations efforts to regulate the industry have not been successful.

A fourth factor underlying the merger wave of the 1960’s was the steep rise in the load of corporate income taxation since World War II. In 1940, the effective federal corporate income-tax rate was 27 percent; in 1968, it was 50 percent. Rates of state and local taxes on business incomes have risen commensurately.

State ownership of, and control over, much of the means of production has been an essential part of Middle Eastern economies. Unlike Europe, the Middle East did not produce a politically and economically influential bourgeoisie that could act as a countervailing power to the state and its rulers.