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jerZ07002
Supreme tranceaddict
Registered: Dec 2006
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Re: America, Get Ready to Become International
| quote: | Originally posted by HardTranceProd
Given the plunging dollar, more and more Americans are finding themselves in a hitherto-unknown situation: They're starting to see foreign businesses come to their shores, to buy or overtake American companies.
This is very unusual for the US. Typically, it's America whose businesses penetrate the rest of the world; but now, the shoe is on the other foot, and America is about to become economically "invaded" by the rest of the world. How will she take it?
This is a very delicate subject for an insular country which, despite being multicultural, has never been international (these are two completely separate concepts). It may also prove to be a curiously humbling experience for a country accustomed to parading its special status on the world stage.
What will happen?
http://www.nytimes.com/2008/04/07/b.../07sale.html?hp |
direct foreign investment is almost never a bad thing. but i wouldn't say that Americans aren't used to it. the japanese were purchasing tons of American RE in the 80s.
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Apr-07-2008 04:22
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jerZ07002
Supreme tranceaddict
Registered: Dec 2006
Location:
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http://www.state.gov/r/pa/prs/ps/2006/63041.htm
Office of the Spokesman
Washington, DC
March 13, 2006
How Foreign Direct Investment Benefits the United States
� Foreign Direct Investment (FDI) Creates New Jobs: U.S. affiliates of foreign companies (majority owned) employ 5.3 million U.S. workers, or 4.7% of private industry employment. (Source: Bureau of Economic Analysis (BEA), U.S. Department of Commerce)
� Foreign Investment Boosts Wages: U.S. affiliates of foreign companies tend to pay higher wages than U.S. companies. Foreign companies support an annual U.S. payroll of $318 billion, with average annual compensation per employee of over $60,000. Average compensation per employee within these companies has risen every year since 1992 (Source: BEA). Some studies have found that foreign companies have paid wages in the past that were as much as 15% higher on average than wages paid by U.S. companies. (Source: National Bureau of Economic Research � Robert Lipsey, Working Paper 9293)
� Foreign Investment Strengthens U.S. Manufacturing: 41 percent of the jobs related to U.S. affiliates of foreign companies are in the manufacturing sector. (Source: BEA)
� Foreign Investment Brings in New Research, Technology, and Skills: Affiliates of foreign companies spent $30 billion on research and development in 2003 and $109 billion on plants and equipment. (Source: BEA). These advances are often adopted by locally-owned companies.
� Foreign Investment Contributes to Rising U.S. Productivity: The increased investment and competition from FDI leads to higher productivity growth, a key ingredient that increases U.S. competitiveness abroad and raises living standards at home. (Source: Bureau of Economic and Business Affairs (EB), U.S. Department of State)
� Foreign Investment Contributes to U.S. Tax Revenues: In 2002, foreign affiliates paid $17.8 billion in taxes, which represented 12 percent of U.S. corporate tax revenues. (Source: Internal Revenue Service)
� Foreign Investment Can Help U.S. Companies Penetrate Foreign Markets, and Increase U.S. Exports: U.S. companies can use multinationals� distribution networks and knowledge about foreign tastes to export into new markets. Approximately 21 percent of all U.S. exports come from U.S. subsidiaries of foreign companies. (Source: BEA)
� Foreign Investment Helps Keep U.S. Interest Rates Low: The inflow of foreign capital also decreases the cost of borrowing money for domestic entrepreneurs, especially in the small- to medium-sized enterprise sector. (Source: EB)
Last edited by jerZ07002 on Apr-07-2008 at 05:48
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Apr-07-2008 05:34
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jerZ07002
Supreme tranceaddict
Registered: Dec 2006
Location:
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Apr-07-2008 05:47
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