This book, first published in 1988, is an attempt to explain the political sources and implications of the policies of one country toward an economic activity of critical importance in determining the nature and scope of the international financial system, the multinational corporation and economic interdependence: the flows of capital across national boundaries.
1. Introduction 2. The Policy Background, Analyses, Options and Choices 3. Economic Theory and the Control of Capital Movements 4. The Indices of Power and the Limits of Choice: Presidential Politics and the Balance of Payments, 1963-68 5. Domestic Interest Group Politics and the United States’ Capital Control Programme 6. Bureaucratic Politics and Capital Controls 7. The International Framework: Foreign Attitudes and Reactions to United States Policy 8. The Denouement: The 1968 Programme and the Balance of Payments Policy of the Nixon Administration 9. Conclusion