Titel: Foreign Direct Investment in the United ...
Verlag: Institute for International Economics, Washington
Einband: Soft cover
Zustand: Very Good
Über diesen Titel
The share of the US economy controlled by foreign firms has tripled since the mid-1970s. The authors find that foreign firms appear to invest in the United States mainly to exploit their individual advantages in management and technology - the same reasons why American firms invest abroad - rather than because the United States is now running large deficits and has become a large debtor nation. Foreign-owned firms do not pay lower wages or shift good jobs and research and development away from the United States. Foreign-owned firms and especially Japanese firms do, however, have a marked tendency to import more of their production inputs. The authors warn that the President's new legislative authority to screen FDI on national security grounds could easily be abused, but endorse using this authority to ensure access to critical technologies or production processes including a requirement on some foreign firms to invest in the United States. They propose new international rules to minimize governmental interference and harmonize policies toward multinational firms.About the Author:
Formerly an Associate Professor in the Fuqua School of Business at Duke University, Edward M. Graham is currently a Research Fellow at the Institute for International Economics and the author of Technology, Trade, and the U.S. Economy.
Paul R. Krugman is Professor of Economics at the Massachusetts Institute of Technology and a Visiting Fellow at the Institute for International Economics.
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