But it now looks as though the outflows of income from all those foreign-owned sectors of "British" industry have been eating into the traditional surplus.
Just before the restructuring of private-sector Greek debt in March, foreign investors owned 32 percent of the bonds outstanding, a higher proportion than what foreigners now own in Spain.
Foreign firms owned one-fifth of the assets in the ICT sector in 2004, accounted for the lion's share of exports, provided 16% of the employment and claimed 20% of the earnings.
China foreign contractual joint ventures, China foreign equity joint ventures, and foreign wholly owned enterprises.
"Brands have to police their own sectors.
In a month when a remarkable 20% year-on-year rise in industrial output has provoked a new burst of optimism in some quarters, a new study of Russia's appallingly mismanaged industry by McKinsey, a management consultancy, provides a useful corrective.The study compares Russian-based companies (whether foreign or locally owned) with their American counterparts, sector by sector.
(It is, however, rather far-fetched to claim, as the government sometimes does, that Japan's $1.1 trillion-worth of net foreign assets, mostly owned by the private sector, should somehow be set against its public debts).But however faithful its bond-buyers, the government will soon have to rein in the growth of its debts.
However, Bulgaria's privately owned banking sector remained comparatively small.
English care homes can be privately owned, third sector, local authority or NHS owned.
Russia agreed not to have its own sector of control.
This paper examines how foreign-owned and domestically owned firms transform innovation into employment growth.
