Word: nederland
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Dates: during 1970-1979
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...this atmosphere, the U.S. beckons as a safe haven, both for foreign companies and wealthy individuals. Today, says Rob Hazelhoff, a director of Holland's Algemene Bank Nederland, "most entrepreneurs regard the U.S. as the last bulwark of capitalism. They feel that America can hold out, and this is the main psychological factor behind the rising investment." Profit margins of U.S. corporations are now almost twice those of European firms, partly because productivity is higher. The U.S. has become something of a cheap-labor market in comparison with its European trading partners. Until the early 1970s, European labor...