Unwanted Company : Foreign Investment in American Industries / Jonathan Crystal.

Format:

Book

Author/Creator:

Crystal, Jonathan, author.

Language:

English

Subjects (All):

Investments, Foreign--United States.

Investments, Foreign.

Genre:

Electronic books.

Physical Description:

1 online resource (xii, 230 pages)

Place of Publication:

Ithaca, NY : Cornell University Press, [2018]

Language Note:

In English.

Summary:

In the last quarter century, the U.S. economy has been transformed by a large inflow of direct investment from abroad. Foreign companies, mainly from Europe and Japan, have built factories and acquired U.S. firms at an ever-increasing rate. Jonathan Crystal finds inconsistencies in how American businesses have responded to this globalization of production.U.S. firms, especially multinationals, have conflicting interests regarding investment protection, Crystal shows. Many American firms, under siege from overseas competitors, have already expended considerable energy in obtaining trade protection, but they are competing not only with foreign imports but also with locally established foreign-owned firms. American businesses may favor stricter regulation of foreign companies that threaten their bottom line, but they also consider their own interests as global investors subject to retaliatory protection in other countries. Restrictions on "foreign" investment, it seems, are not so attractive when they are imposed by other countries.Unwanted Company examines the different ways in which important U.S. industries (including semiconductors, automobiles, steel, consumer electronics, telecommunications, and airlines) reacted to this new challenge. It focuses on the political responses of U.S.-owned firms to how Washington ought to regulate foreign direct investment and how it ought to treat foreign-owned firms in the United States. Some industries welcomed (or at least didn't oppose) foreign investment, whereas others sought restrictive and discriminatory policies. Crystal demonstrates how the nature of the domestic political environment shapes the translation of economic interests into policy preferences.

Contents:

Frontmatter

Contents

Acknowledgments

Acronyms

1. THE CHALLENGE OF INCOMING FOREIGN DIRECT INVESTMENT

2. POLITICAL RESPONSES TO FOREIGN INVESTMENT

3. AN ECONOMIC RESPONSE

4. AN AMBIVALENT RESPONSE

5. A LIBERAL RESPONSE

6. A STRATEGIC RESPONSE

7. POLITICAL VARIABLES AND POLICY PREFERENCES

NOTES

REFERENCES

INDEX

Notes:

Includes bibliographical references (p. 203-222) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mrz 2019)

ISBN:

1-5017-2361-8

OCLC:

1080550192