Unwanted Company: Foreign Investment in American Industries

Unwanted Company: Foreign Investment in American Industries

by Jonathan Crystal

Hardcover

$59.50
Eligible for FREE SHIPPING
  • Want it by Tuesday, October 23  Order now and choose Expedited Shipping during checkout.

Overview

Unwanted Company: Foreign Investment in American Industries by Jonathan Crystal

In the last quarter century, the U.S. economy has been transformed by a large inflow of direct investment from abroad. Foreign companies, mainly from Europe and Japan, have built factories and acquired U.S. firms at an ever-increasing rate. Jonathan Crystal finds inconsistencies in how American businesses have responded to this globalization of production.U.S. firms, especially multinationals, have conflicting interests regarding investment protection, Crystal shows. Many American firms, under siege from overseas competitors, have already expended considerable energy in obtaining trade protection, but they are competing not only with foreign imports but also with locally established foreign-owned firms. American businesses may favor stricter regulation of foreign companies that threaten their bottom line, but they also consider their own interests as global investors subject to retaliatory protection in other countries. Restrictions on "foreign" investment, it seems, are not so attractive when they are imposed by other countries.Unwanted Company examines the different ways in which important U.S. industries (including semiconductors, automobiles, steel, consumer electronics, telecommunications, and airlines) reacted to this new challenge. It focuses on the political responses of U.S.-owned firms to how Washington ought to regulate foreign direct investment and how it ought to treat foreign-owned firms in the United States. Some industries welcomed (or at least didn't oppose) foreign investment, whereas others sought restrictive and discriminatory policies. Crystal demonstrates how the nature of the domestic political environment shapes the translation of economic interests into policy preferences.

Product Details

ISBN-13: 9780801441233
Publisher: Cornell University Press
Publication date: 09/15/2003
Pages: 256
Product dimensions: 6.00(w) x 9.00(h) x 0.94(d)
Age Range: 18 Years

About the Author

Jonathan Crystal is Associate Professor of Political Science, Fordham University.

Customer Reviews

Most Helpful Customer Reviews

See All Customer Reviews