Woodward, Nigh, and their colleagues provide a comprehensive
investigation of foreign ownership in the United States. Based on
the latest, most reliable data and comprising the viewpoints of
leading authorities on foreign direct investment, the book offers
detailed, previously unpublished information on the effects of
foreign direct investment in the United States. The authors find
that foreign-owned and domestic corporations are similar in many
aspects of their behavior and its effects on the U.S. economy and
society, but there are important differences too. By showing
exactly where these similarities and differences lie, and using
evidence that goes beyond anecdotes, the book makes a significant
contribution to the improvement of public policy in the FDI arena.
Its primary finding: globalization reduced foreigness. This is an
important resource for professionals and academics alike, and for
students of international business and economics on the graduate
level.
Covering the state of knowledge on FDI in the 1990s, this work
shows how it has moved beyond the polarizing debate over the
foreign invasion that characterized much of the writings in the
1980s. It explores multinational companies' political action and
corporate citizenship. Its policy section discusses foreign and
domestic participation in federal industrial policy programs, and
whether current regulations make sense. The book also offers a new
approach to demarcating foreign ownership in national
security/defense industrial bases. In its policy chapters the book
covers the question of national treatment and investment in
telecommunications. The book concludes with a timely analysis of
the Multilateral Agreement on Investment under review by the
Organization for Economic Cooperation and Development and the World
Trade Organization.
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