Professor Reich argues that foreign-owned corporations that invest heavily in American operations can sometimes contribute more to American competitiveness than their American-owned counterparts.

To the extent that they have an industrial base, it is as an assembly plant for foreign-owned transnational corporations.

Dassault Falcon Jet Corporation in Little Rock is one of the largest foreign-owned corporations in Arkansas.

At the same time, the bill would impose higher taxes on foreign-owned corporations that operate in the United States.

Creating a foreign-owned corporation takes six months: you need to get approvals from two different ministries and one court - and Hungary is more advanced than any other Eastern European nation in its foreign investment laws.

But Mr. Dole has fudged the more important issue of donations by the American subsidiaries of foreign-owned corporations.

Though the new provisions are aimed at foreign-owned corporations, they will hit many United States companies with overseas operations.

Where foreign-owned corporations created serious unemployment, it arose from their characteristic concentration of investment in large sites.

As a result, bananas came to rival coffee as the principal Costa Rican export, while foreign-owned corporations (including the United Fruit Company) began to hold a major role in the national economy.

Situated in 50 industrial free zones around the country, these mostly foreign-owned corporations take advantage of generous tax and other financial inducements offered by the government to businesses that operate within the zones.