Changes in the International Flow of US Inward Foreign Direct Investment
Abstract
Since World War II, the emergence of a new integrated global system of manufacturing production, trade and direct investment has occurred primarily through techno-economic restructuring, trade and capital investments, and the transnational corporate environment. Although the United States has had a pre-eminent position in the world economy, recently its economic might has been systematically eroded by powerful transnational firms in Europe, Canada and the Pacific Rim. These foreign companies have selectively and increasingly invested in the U.S. economy, which has caused the introduction of new management practices, labor relations and technology. Moreover, foreign firms have become actively involved in politics, culture and other aspects of American community life. To the extent that foreign direct investment (FDI) has resulted in both macro-economic shifts in the U.S. economy and microsociopolitical adjustments in local communities, it is informative to discern which countries have and will continue to exert the greatest share of these impacts. This paper examines changes in the international flow of u.s. inward FDI between 1974-1988.
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