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Unwanted Company: Foreign Investment in American Industries
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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, un...