The multinational corporation, which has been active, powerful and highly evident for some time, is coming under ever more careful scrutiny. The multinational corporation (MNC) and transnational investment are very big business. The size creates problems of its own. But when business gets as big as the MNCs, it is not only business; it extends its influence into other realms of our social life. It is not surprising, then, that there has been increasing pressure for some kind of international rules or regulations.

In January of last year, for example, the Institute for International and Foreign Trade Law of Georgetown University, in collaboration witli its sister institute of Germany, organized a very well-attended conference in Diisseldorf on International Organization for Investment. Before and after that conference there was active debate on the subject, but for some time the papers discussed there will probably be the most quoted reference material on the matter. (The papers and conclusions are to lie published by Praeger.)