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Foreign Direct Investment in the United States
Edward Montgomery Graham , Paul R. Krugman
The share of the U.S. economy controlled by foreign firms has tripled since the mid-1970s. Graham and Krugman here provide the first comprehensive analysis of this phenomenon. Their exhaustive analysis concludes that foreign-owned firms do not pay lower wages or shift good jobs and R & D away from the U.S. However, foreign-owned firms and especially Japanese firms have a marked tendency to import much more than their American counterparts. In addition, the upsurge of foreign investment raises new issues for U.S. national security. This completely revised second edition includes updated statistics on the recent level of FDI and analyzes new legislation that would further address foreign investment in the United States.
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