Foreign Direct Investment in the United States : Benefits, Suspicions, and Risks with Special Attention to FDI from China - Edward Graham

Foreign Direct Investment in the United States

Benefits, Suspicions, and Risks with Special Attention to FDI from China

By: Edward Graham, Theodore Moran, Lindsay Oldenski, Paul Krugman

Paperback | 15 November 2012 | Edition Number 1

At a Glance

Paperback


$46.25

or 4 interest-free payments of $11.56 with

 or 

Aims to ship in 15 to 25 business days

Foreign direct investment (FDI) has emerged over the past three decades as a central force in global economic activity. Foreign affiliates of multinational corporations produce goods and services in volumes that are twice as large as total world exports. This volume reviews concerns that originated with inward Japanese investment in the United States in the 1980s and updates comparisons of the wages, value added, total factor productivity, imports, exports, and research and development (R&D) of foreign investors--including Japanese, and now Chinese, investors--with comparable US firms (US multinational firms and US non-multinational firms) using most recent Bureau of Economic Activity data available as of 2012. The evidence shows that foreign direct investment represents transfers of technology, management, quality control, and marketing know-how across borders that are much more intimate and potent than arm's-length trade. Contrary to fears about potential negative consequences of Chinese FDI, the evidence shows that Chinese firms create high-paying jobs in the United States, and that they sometimes export more from their US locations than they import. The volume tackles thorny questions about inward FDI--especially via acquisition of existing US firms--and potential national security threats to the United States. It draws implications for US policies that would enhance the advantages and help avoid missing out on the benefits from inward FDI into the United States.

More in Economics

The Bookseller at the End of the World - Ruth Shaw
Humankind : A Hopeful History - Rutger Bregman

RRP $24.99

$23.75

The Changing World Order : Why Nations Succeed or Fail - Ray Dalio
The Road to Freedom : Economics and the Good Society - Joseph Stiglitz
The Trading Game : A Confession - Gary Stevenson

RRP $36.99

$33.25

10%
OFF
Bullshit Jobs : A Theory - David Graeber

RRP $24.99

$23.75

The World According to Star Wars - Cass R. Sunstein

RRP $27.99

$25.75

Capital in the Twenty-First Century - Thomas Piketty

RRP $43.95

$36.75

16%
OFF
Let's Tax Carbon : And Other Ideas for a Better Australia - Ross Garnaut
Antifragile : Things That Gain from Disorder - Nassim Nicholas Taleb