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Foreign Direct Investment in the United States : FOREIGN DIRECT INVESTMENT IN THE UNITED STATES - Edward Graham

Foreign Direct Investment in the United States

FOREIGN DIRECT INVESTMENT IN THE UNITED STATES

Paperback

Published: 1995
For Ages: 22+ years old
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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.

Prefacep. xi
Acknowledgmentsp. xv
Introductionp. 1
Extent and Trendsp. 7
What Is FDI?p. 7
The Rise of FDI: Alternative Measuresp. 11
The Mechanics of FDIp. 21
The Role of Japanp. 23
Bankingp. 24
Real Estatep. 28
FDI in Other Countriesp. 31
Conclusionsp. 33
Sources of Growthp. 35
The Theory of Foreign Direct Investmentp. 35
Evidence on FDI in the United Statesp. 38
The Role of Financial Marketsp. 42
Taxationp. 47
Protectionp. 49
The Business Cyclep. 50
Three Case Historiesp. 51
The Outlook for FDIp. 55
Conclusionsp. 56
Economic Impactp. 57
The Gains from FDIp. 57
The Potential Costs of FDIp. 59
Characteristics of FDI in the United Statesp. 67
The "Fire Sale" Issuep. 80
Transfer Pricing and Tax Avoidancep. 82
Conclusionsp. 84
Political Effectsp. 85
The Economics of Foreign-Owned Factorsp. 86
Political Influence of Foreign-Owned Firmsp. 88
How Much Does It Matter?p. 90
International Rules of the Gamep. 92
National Security Concernsp. 95
FDI and National Security in Time of War or National Emergencyp. 96
FDI by Friendly Powersp. 111
Some Unresolved Issuesp. 119
Current US Policyp. 121
Federal Policyp. 122
State and Local Policiesp. 140
Comparisons with Other Nationsp. 144
Conclusionsp. 146
Policy Alternativesp. 149
Proposals for Changes in US Policy That Are Unsoundp. 152
An Agenda for US Policy on FDIp. 161
Conclusionsp. 173
Appendices
US Data on Foreign Direct Investmentp. 179
Industrial-Organization Explanations of Foreign Direct Investmentp. 191
Referencesp. 195
Indexp. 201
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780881322040
ISBN-10: 0881322040
Series: FOREIGN DIRECT INVESTMENT IN THE UNITED STATES
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 224
Published: 1995
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 22.8 x 15.5  x 1.2
Weight (kg): 0.33
Edition Number: 3