Americans have long been ambivalent toward foreign direct investment in the United States. Foreign multinational corporations may be a source of capital, technology, and jobs. But what are the implications for US workers, firms, communities, and consumers as the United States remains the most popular destination for foreign multinational investment?
Theodore H. Moran and Lindsay Oldenski find that foreign multinational firms that invest in the United States are, alongside US-headquartered American multinationals, the most productive and highest-paying segment of the US economy. These firms conduct more research and development, provide more value added to US domestic inputs, and export more goods and services than other firms in the US economy. The superior technology and management techniques they employ spill over horizontally and vertically to improve the performance of local firms and workers. As the United States wants not only to expand employment but also create well-paying jobs that reverse the falling earnings that many US workers and middle class families have suffered in recent decades, it is more important than ever to enhance the United States as a destination for multinational investors.
- Cover
- Table of Contents
- Preface
- Authors' Note
- Ch. 1 Economic Effect of Inward FDI on the United States: Old Apprehensions, New Evidence
- Which Countries Engage in FDI?
- Comparing Foreign Investors with US Firms in the United States: What the Data Say
- FDI in the United States over Time
- Ch. 2 Rationale and Motivation for FDI: Why Do Foreign Companies Invest in the United States?
- Why Do Firms Engage in FDI?
- Effect of FDI on the Host Country
- New Evidence on FDI Spillovers in the United States
- Ch. 3 Chinese FDI in the United States
- Empirical Issues Related to the Study of Chinese FDI
- What Do the Data Say about Chinese Firms Operating in the United States?
- New Evidence on FDI Spillovers in the United States from Developing-Country Investment
- Is There a High Level of Chinese FDI in the United States?
- Rosen and Hanemann Measures of Chinese FDI in the United States
- How Does Chinese FDI in the United States Compare with Chinese FDI in Other Countries?
- Ch. 4 FDI and National Security: Separating Legitimate Threats from Implausible Apprehensions
- Threat I: Denial or Manipulation of Access
- Threat II: Leakage of Sensitive Technology or Know-How
- Threat III: Infiltration, Espionage, and Disruption
- Applying the Three-Threat Prism to Proposed Chinese Acquisitions
- Tightening CFIUS Appraisal of Potential National Security Threats from Proposed Foreign Acquisitions
- Ch. 5 Policy Implications: Making the United States More Accessible to Foreign Investors
- References
- Index
Texto
Audio
Adobe DRM
Ingrese a su cuenta