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Outward Foreign Direct Investment and US Exports, Jobs, and R&D:  Implications for US Policy
Book Data
August 2013
ISBN paper 978-0-88132-668-0
84 pp.
$21.95 $17.56
( 20 % discount)

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Outward Foreign Direct Investment and US Exports, Jobs, and R&D: Implications for US Policy


Policy Analyses in International Economics 101

by Gary Clyde Hufbauer ,
Theodore H. Moran and
Lindsay Oldenski
assisted by Martin Vieiro

Description

It is not in the US interest to adopt tax and regulatory policies that would discourage global engagement by US multinational corporations (MNCs). Research presented in this book shows that the expansion of foreign affiliates of US MNCs is positively associated with more production, greater employment, higher exports, and more research and development (R&D) in the United States. These findings suggest that less investment abroad by US firms would weaken—not strengthen—the US economy. This analysis by no means implies that there are only winners and no losers from outward investment. Changing patterns of MNC investment, like changing patterns of technology and production more generally, contribute to job losses and dislocations for some workers and to new opportunities for others. To benefit the US economy and US workers most broadly, the United States will want to search for ways to strengthen the appeal of the United States as a base for the operations of international firms. High among the recommendations to accomplish this, the United States should adopt a territorial tax system, like the great majority of developed countries.

Contents
Selected chapters and sections are provided for preview only.

Preface

Authors' Note

Executive Summary


1. Overview [pdf]

2. Role of US MNCs in the US Economy and Evolution of Their Domestic Operations

3. Outward FDI by US MNCs: Implications for US Jobs, Exports, and Investment

4. Globalization of R&D by US MNCs: Implications for US Prosperity [pdf]

5. Tax Policy toward Multinational Corporations

6. Implications for US Policy [pdf]

Appendices

References

Index [pdf]


Other books of interest:
Foreign Direct Investment in the United States: Benefits,  Suspicions, and Risks with Special Attent
Foreign Direct Investment in the United States: Benefits, Suspicions, and Risks with Special Attent
by Theodore H. Moran and
Lindsay Oldenski