In considering restrictions on the transnational trend,nAmericans also should consider developments in Europe. Inn1992, the European Economic Community will become anmuch stronger economic unit. It’s clear that the Europeansnare devising a power bloc with the intention of closing thenregion to economic invasion from other parts of the world.nMany American-domiciled companies are hastening to getna foothold in the EEC countries before 1992, but it’snreasonable to conclude that the European countries willnresist transnationalism from this side of the Atlantic — evennas they promote transnationalism to the extent that itnbenefits themselves.nThe alleged inevitability of transnationalism represents ankind of determinism that isn’t supported by history or thenpolitical facts of international life. There’s nothing inevitablenabout the development or implementation of an economicntheory, whether Marxist or mercantilist. If American politicalnleaders and businessmen in small, mid-size, and largennational enterprises conclude that transnationalism is anthreat to free enterprise rather than a fulfillment of it, if theynopt for a strategic economic policy that focuses onnAmerica’s needs, then the transnationalism movement willndie in the United States.nSuch policies would not represent a break with ournnational tradition. They are grounded in the policy of theninfant republic and the 19th century, under which thenUnited States became the worid’s largest industrial country,nand they are strange or unusual only in the sense of thenspecial circumstances that prevailed after World War II,nwhich became the basis of a doctrinal obsession (in somenquarters) with free trade. Today the national circumstancesnhave changed and are likely to change even more as wenmove into the 21st century. The US already has begun tonrespond, especially to the emergence of Japan as anneconomic superpower and adversary, closely followed bynother Pacific Rim countries. The nationalism inherent innthis proposed economic policy is appropriate to an era innwhich nationalism is more pronounced than at any time inn45 years, and in which internationalism is widely supportednas a theory rather than a practice. If transnationalismnrepresents a positive good to the American people, this hasnnot yet been demonstrated. The arguments advanced for itnby Mr. Drucker and others only justify it in terms of what itnmay do for a limited number of corporate entities and theirnshareholders.nSome businesses are already waking up. The InternationalnBusiness Machines Corporation is reported to be changingnits corporate strategy to focus on its role as an Americanncompany. The Washington Post reported last June thatnIBM, with 40 percent of its employees overseas, is accentuatingnits role in the United States. It helped launch annAmerican consortium of companies to make computernmemory chips in and for the United States. Vice ChairmannJ.D. Kujehler told a Senate committee that IBM is “anUS-based company.” The Post described the consortium asn”the latest example of the emerging high-tech nationalism.”nIt appears, therefore, that IBM is rethinking its globalnstrategy to accommodate American concerns. 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