The export myopia of US multinationals: an overlooked opportunity for creating U.S. manufacturing jobs
Article Abstract:
United States manufacturing firms could benefit from a variety of factors, including reducing risks to investment, if they invested at home, rather than in production plants abroad. This would create jobs, bring in more tax revenue, and cut the current account deficit for the United States. Production costs in the United States have fallen in relation to many countries, such as Germany, making it cheaper to produce in America. United States investment abroad tends to be in more developed countries, not in low-wage countries. Though it may be necessary to produce abroad in order to combat trade barriers, much production could be relocated to the United States. The current behaviour of business in linked to post war government policy, which encouraged investment abroad, and both business and government should change their attitudes.
Publication Name: Columbia Journal of World Business
Subject: Business, international
ISSN: 0022-5428
Year: 1993
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United States's economic sanctions against Vietnam: international business and development repercussions
Article Abstract:
Economic sanctions imposed on Vietnam by the United States government are damaging the interests of United States business, which is losing opportunities which firms from Europe and the Pacific Asia region are able to take up. Forecasts for Vietnam's potential growth are favourable, and the conditions made by the United States which Vietnam should fulfil for sanctions to be lifted are no longer realistic. Sanctions may be lifted, though this is likely to occur gradually. When Vietnam is finally opened to United States firms, the market could have already been lost to firms from other countries.
Publication Name: Columbia Journal of World Business
Subject: Business, international
ISSN: 0022-5428
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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