| Book Review | The Journal of American History, 92.2

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| Book Review | The Journal of American History, 92.2 | The History Cooperative

Book Review

The History of Foreign Investment in the United States, 1914–1945. By Mira Wilkins. (Cambridge: Harvard University Press, 2004. xxvi, 980 pp. $95.00, ISBN 0-674-01308-5.)

In her second of a projected three-part series on the history of foreign investment in the United States, Mira Wilkins has written a magisterial work, exhaustively researched and honeycombed with new perspectives. Professor Wilkins's work addresses both foreign portfolio investment (FPI) and foreign direct investment (FDI) and the complex relationship and development of each during the interwar period. A major strength of this fascinating work is its integration of complex economic history with close, concise business histories of foreign multinationals in the United States and their changing environments. Furthermore, Wilkins was unwilling to follow the shopworn path of broad discussions of aggregate investment that characterizes many discussions of this topic. She has a penchant for detail and has done yeomanlike work reconstructing available data. Even with 612 pages of narrative and 253 pages of often fascinating notes, the book is a pleasant read. This will become the definitive work. In this short review I can only briefly touch on the highlights of Wilkins's formidable scholarship.

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