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Last but not least, the US was able to exercise indirect control over the
global economic order through its multinational corporations which displays
the massive extent of its dominance. The growing trend of expanding US multinational corporations was reflective of US immense and growing economic influence
in the global economic order. This is highlighted through US MNCs having expanded
the fastest, and by 1966 there were nearly 9000 US MNCs in Western Europe alone.
The book value of accumulated US direct investment abroad rose from only $11.8
billion in 1950 to a stunning approximate $233.4 billion by 1984. The vast dominance
the US had can also be seen by how US MNCs alone produced approximately $140
billion worth of goods by 1969 and many of their largest corporations had placed
more than half their total assets abroad, and more than half their total earnings came
from overseas.