Australia has close to the worst foreign investment ratio of any modern western economy. There are about 40 Australian companies generating more than $200 a year in revenue offshore yet almost 200 foreign companies do the same in Australia.

This is one of the great tragedies of Australia. Our go to the beach attitude, dividend franking, excessive consumption, poor savings, shoddy management, poor governments, excessive union power and obsession with all things leisure has made us the most globalised economy in the world.

Unfortunately, all the globalising is being done by foreign companies coming here. We might have Aussies running Ford, Coca-Cola, Phillip Morris, Campbell Soup, Rio Tinto and the world’s biggest drinks company Diagio, but the Australian-owned companies have largely failed to perform on the global stage.

The rare exceptions include Westfield, Lend Lease, NAB, AMP and Brambles but there should be dozens of top companies kicking goals offshore.

Anyway, check out this astonishingly long list below and send in any additions or corrections you can think of.

Australian Companies Generating More Than $200M Overseas

Company Where What
Amcor US European,NZ,Asian paper
AGL NZ gas assets
AMP UK NZ and Chile.
ANZ NZ and the Grindlays network
Amcor European NZ and US paper and packaging
Aristocrat Global poker machines all over the world
Austal/Incat Global water craft
BHP Escondida Canadian diamonds,US copper etc
Boral US bricks,tiles,flyash. Asia plasterboard
Brambles Chep records business etc
BRL Hardy Global wine
Burns Philp US and Europe herbs,spices,yeast
Commonwealth Bank NZ and Asian operations
Computershare UK HK and South African registry businesses
CSR US building products
ERG Europe/Asia ticketing systems
Faulding US pharmaceuticals
Foster’s Brewing China Molson and European wine clubs
Goodman Fielder Nth and Sth America food operations.
HIH New Zealand and US insurance
Lend Lease UK US property management,Asian development
Liberman family Global property, banking
Macquarie Bank Asia property development,global trading
Mayne Nickless Indonesia, UK, US hospitals,express freight,security
MIM UK and Argentina Alumbrera mine in Argentina,UK smelting
News Corp Global Media
NAB UK, NZ and US banking
Normandy Mining Global Gold mines and base metal assets
Orica Global Worldwide explosives business.
Pacific Dunlop Ansell batteries
Pacifica US car parts
Pasminco US zinc
PBL/Packer Global chemical,publishing,gambling,film production,cinemas.
Qantas Global airline business
QBE Global various insurance operations
Ridley Corp US feedlot operation
Simsmetal UK and Asian scrap metal operations
Telstra Global international operations
Visy US paper
Village Roadshow Global cinemas
Washington H Soul Pattinson SE Asian coal pharmaceutical,property and fragrances.
Westfield US,NZ and Malaysia property development and management
Westpac NZ operations
WMC Global aluminium/bauxite operations

Foreign Companies Generating More Than $200m In Australia Each Year

Company Where What
ABB Swiss engineering,Redbank power station
ABN Amro Dutch investment banking and funds management
Accor French Manages dozens of Australian hotels
Acer Taiwan computer hardware
ACI US glass
Adidas German sports goods and clothes
AES US Victorian and Queensland power stations
AIG US Insurance
Air New Zealand NZ 50% of Ansett
Airbus Industrie European aircraft
Alcan Canada Gove alumnium plant
Alcoa US aluminium and bauxite joint venture with WMC
Allianz German joint venture with HIH Insurance
American Express US card services
Anglo America South African bought Acacia and Shell coal assets
AOL-Time Warner US internet,magazines,film production,theme parks
Astra Zeneca UK pharmaceuticals
Axa French 51% of National Mutual
Babcock & Brown Global bought AIDC
Bass Group UK various hotels
BAT UK tobacco
Baulderstone Hornibrook German construction
Bechtel Belgian power and construction
Billiton South African QNI nickel business
Boeing US aircraft
Bosch German electrical and car parts
Bridgestone US tyres
Brierley Investments NZ retail,James Hardie and Wills
Bristol Myers Squibb US pharmaceuticals
British Airways UK stake in Qantas
British Telecom UK various telco investments
Cable & Wireless UK 51% of CW Optus
Cadbury Schweppes UK confectionary and drinks
Campbell Soup US control of Arnotts
Canwest Canadian controls Ten network
Capital Group US funds management
Cargill US various agribusiness investments
Carter Holt Harvey US/NZ forestry
CED US bought cable company Metal Manufactures
CGEA French transport,water
Chase Manhattan-JP Morgan US investment banking
Chevron US oil and gas
Chemcor US chemicals
Cisco Systems US software and telco systems
CITIC Chinese Portland aluminium smelter,beef
Citigroup US banking and financial services
CMS US 50% of Loy Yang A power station
Coca Cola Company US control of Coca Cola Amatil
CS First Boston Swiss-US investment banking
Daimler-Chrysler US/German cars and trucks
Dairy Farm HK Franklins
DBS Land Singapore control Australand and Walker Corp
Dell Computers US computers
Deutsche Bank German investment banking
Diageo UK drinks and spirits
DRD South African gold mining
Dresdner German banking
Du Pont US chemicals and textiles
Duke Energy US gas pipelines
Edison Mission US owns Loy Yang B power station
EDS US Commonwealth Bank IT contract
Electrolux Swedish white goods
Erricson Swedish telecommunication products
Exide US PacDun’s battery business
Exxon-Mobil US oil and gas
Fisher & Paykel NZ white goods
Fletcher Challenge NZ construction,forestry
Fluor Daniel US engineering,plant management
Ford US car manufacturing
Fortis Belgian financial services ($246m)
Fuji Japanese cameras, film
General Electric US card processing
General Motors US car manufacturing
Glaxo-Wellcome/Smithkline Beecham UK pharmaceuticals
Glencore Swiss various mining projects
Goodyear US tyres
GPU US Vic energy distribution
Granda UK Seven Network stake,production
Grand Hotel Group Malaysian various hotels
Guiness Peat Group UK corporate raiders
Hagermeyer Dutch Bought Pacific Dunlop’s electrical distribution business.
Hanson UK coal and bought Pioneer
Hawker de Havilland UK aircraft, defence, heavy engineering
Heinz US food,Weight Watchers
Hewlett Packard US computers
Hilton Corp US Jupiters casinos and various hotels
Hochtief control Leighton Holdings
Hoechst German chemicals,food
Homestake US Kalgoorlie super pit
HSBC Hong Kong banking and broking
Huntsman US mormons,chemicals
Hutchison HK telecommunications
Hyundai Korean cars
IBM US computers,IT
Illinois Tool Works US Bought Siddons Ramset
Independent Newspapers Irish newspapers,radio,outdoor advertising
Itochu Japanese mining,energy and engineering
ING Dutch investment banking,insurance
Johnson & Johnson US personal products
Kelloggs US cereals.
Kodak US film and cameras
KPN Dutch bought TNT
Kumugai Gumi Japanese hotels and property
Kwok family Singapore/HK property
Lafarge Swiss cement/Blue Circle
Li Ka Shing Hong Kong bought SA power industry and Victoria’s Powercor.
Lion Nathan Japanese brewing
Lucent US backbone for web and mobile,bought JNA.
LVMH French leather goods and drinks
Malaysia Mining Corp Malaysia mining but no more Ashton
Marriott US hotels
Mars US chocolates, pet food
Marubeni Japanese aluminium and mining
Mazda Australia Japanese cars and bikes
McDonalds US fast food
MCI-Worldcom US telecommunications,Ozemail
Merck Sharpe Dohme US pharmaceuticals
Merrill Lynch US stockbroking
Metro Cash & Carry Sth African controls Davids Holdings
Microsoft US software, NineMSN
Mitsubishi Japanese car manufacturing
Mitsui Japanese iron ore through Robe River
Motorola US stake in ERG,telecommunications
National Express UK Vic public transport
National Power UK Vic power station
NEC Japanese Computers
Nestle Swiss former PacDun assets and various other food
Nippon Steel Japanese iron ore through Robe River
Nokia Norway mobile phones
Norske Skog Norway Bought Fletcher Paper
Norwich Union UK financial services
NRG US power stations
Nufarm NZ chemicals
Obayishi Japanese tollroads
Ong Beng Seng Singapore hotels,retail
Oracle US IT industries
Orlando French wine
Mr CK Ow Singapore Stamford hotel chain
Panasonic Japanese electrical goods
Parmalat Italian dairy industry
Pearson UK Grundy TV production,financial information.
Pfizer US pharmaceuticals/viagra
Philip Morris US food and tobacco
Phillips Dutch Polygram, electricals
Phillips Petroleum US oil, bidding for Petroz
Placer Dome US gold mining operations
P&O UK stevedoring,ports,cold storage, resorts.
Primus Telecommunications US telecommunications
Principal Group US BT funds management
Ricket & Coleman US pharmaceuticals
Rio Tinto UK Comalco,North and various other mining assets
Roche Swiss pharmaceuticals
Rothmans South African tobacco
Royal-Sun Alliance UK insurance
Rugby Plc UK controls concrete giant Adelaide Brighton
Salomon Smith Barney US investment banking
San Miguel Phillipines beverages (20% of Coca Cola Amatil)
SBC Swiss investment banking
Service Corp International US death industry
Shell Dutch-UK oil,coal and gas
Siemens German electricals and engineering
Singapore Govt Singapore telecommunications,energy
Singapore Power Singapore Bought Vic power transmission assets
Spudman US bought PacDun pastry businesses
Sony Japanese music,electricals
Starwood US hotels
Sumitomo Japanese iron ore through Robe River
Suez Lyonnaise des Eaux French Pacific Waste Management
Telecom NZ NZ AAPT
Texas Utilities US Vic gas and electricity assets
Thakral family Singapore/HK hotel chain
Thames Water UK water
Toronto Dominion Canadian discount broking and banking
Toyota Japanese car manufacturing
Unilever Dutch-UK detergents and ice cream
UnitedGlobalCom US control of pay-TV group Austar
Utilicorp US controls United Energy plus other energy assets
Visa US credit cards
Virgin UK airlines, mobiles, music
Vivendi French Victorian public transport,publishing,water
Vodafone UK mobile phone business
Weyerhaeuser US bought $300m of CSR’s timber businesses
Yamaha Japanese pianos,motorbikes