ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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West Asia- Squeeze on Sadat

equipment and technology without dependence on foreign investment. Even where China is seeking foreign technical assistance, including from the multinational corporations, this is being done under specific contracts for particular projects decided upon the Chinese (and not the multinationals). These arrangements leave no room for perpetual ownership and profit-taking by the multinationals of the type they seek in countries like India or Brazil. It is ownership and control of their subsidiaries in the poor countries which make it possible for the multinationals to remit out of these countries, within relatively short periods, sums equal to many times their investment

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