Foreign Direct Investment in the United States, Third Edition / Edition 3

Foreign Direct Investment in the United States, Third Edition / Edition 3

by Edward M. Graham, Paul R. Krugman
     
 

The share of US output held by foreign-controlled firms tripled during the 1980s, but the growth of foreign direct investment in the United States fell sharply after 1990. In the first and second editions of Foreign Direct Investment, Graham and Krugman provided the first seminal analysis of FDI growth in the 1980s and its economic and national security implications.… See more details below

Overview

The share of US output held by foreign-controlled firms tripled during the 1980s, but the growth of foreign direct investment in the United States fell sharply after 1990. In the first and second editions of Foreign Direct Investment, Graham and Krugman provided the first seminal analysis of FDI growth in the 1980s and its economic and national security implications. This third, extensively revised, edition analyzes the post-1990 downturn, updates all statistics, provides new analysis based on statistical series not previously available, and assesses recent legislative proposals to restrict FDI.

Product Details

ISBN-13:
9780881322040
Publisher:
Peterson Institute for International Economics
Publication date:
01/28/1995
Series:
Policy Analysis in International Economics Series
Edition description:
3rd Edition
Pages:
207
Product dimensions:
6.00(w) x 9.00(h) x 0.70(d)

Table of Contents

Prefacexi
Acknowledgmentsxv
Introduction1
1Extent and Trends7
What Is FDI?7
The Rise of FDI: Alternative Measures11
The Mechanics of FDI21
The Role of Japan23
Banking24
Real Estate28
FDI in Other Countries31
Conclusions33
2Sources of Growth35
The Theory of Foreign Direct Investment35
Evidence on FDI in the United States38
The Role of Financial Markets42
Taxation47
Protection49
The Business Cycle50
Three Case Histories51
The Outlook for FDI55
Conclusions56
3Economic Impact57
The Gains from FDI57
The Potential Costs of FDI59
Characteristics of FDI in the United States67
The "Fire Sale" Issue80
Transfer Pricing and Tax Avoidance82
Conclusions84
4Political Effects85
The Economics of Foreign-Owned Factors86
Political Influence of Foreign-Owned Firms88
How Much Does It Matter?90
International Rules of the Game92
5National Security Concerns95
FDI and National Security in Time of War or National Emergency96
FDI by Friendly Powers111
Some Unresolved Issues119
6Current US Policy121
Federal Policy122
State and Local Policies140
Comparisons with Other Nations144
Conclusions146
7Policy Alternatives149
Proposals for Changes in US Policy That Are Unsound152
An Agenda for US Policy on FDI161
Conclusions173
Appendices
Appendix AUS Data on Foreign Direct Investment179
Appendix BIndustrial-Organization Explanations of Foreign Direct Investment191
References195
Index201

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