Word: foreign
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Dates: during 1980-1989
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...which has long provided aid to the non-Communist forces of Sihanouk and Son Sann and has not ruled out military assistance in the future, similarly argues that Hun Sen heads an illegitimate administration imposed by a foreign power. In its anti-Vietnamese zeal, Washington overlooked Sihanouk's alliance with the Khmer Rouge, which did most of the fighting during eleven years of guerrilla opposition. The Bush Administration is left in the uncomfortable position of backing a mercurial prince who remains aligned with men bent on restoring an odious regime. But the Administration maintains, with good reason, that any settlement...
...younger technocrats and refuse to countenance the kind of political renovation that might stanch the flow of tens of thousands of refugees each year. Like the Chinese, they continue to believe that economic miracles are possible without political reform. "The Old Guard was good for war," says a Foreign Ministry official, "but not for peacetime Viet...
...belong to someone else: the Dutch and the British, the West Germans and the Japanese, respectively. So do such U.S.-born corporate names as Smith Corona, Brooks Brothers and Pillsbury (all British); General Electric TV sets and home electronics (French); Wilson Sporting Goods (Finnish); and Carnation (Swiss). Last year foreign investors acquired nearly 400 U.S. businesses, worth a total of $60 billion. That was 61% more than the previous year and represented a drastic quickening of the pace five years earlier, when overseas buyers took over 111 companies, valued at just $2.2 billion. Foreign owners now control more than...
...those employees and millions more whose companies are vulnerable to takeover, the influx of bosses from abroad raises some unsettling questions. Will the new managers ask their employees to live by a foreign corporate culture? How successfully will they cope with the American marketplace? In the long run, will the new bosses bring growth and prosperity -- or losses and layoffs...
...answer at this point is disappointing, according to TIME interviews with dozens of executives and consultants involved in such takeovers. Many, if not most, foreign buyers are so far failing to meet the glowing expectations they set for their U.S. acquisitions. In many cases, struggling U.S. subsidiaries are being kept alive by financial transfusions from parent companies overseas...