IDEAS home Printed from https://ideas.repec.org/a/sae/anname/v516y1991i1p169-182.html
   My bibliography  Save this article

Why Foreign Corporations are Buying into U.S. Business

Author

Listed:
  • RACHEL McCULLOCH

Abstract

More than ever before, foreign companies have been making themselves at home in U.S. markets. The rapid growth of foreign direct investment in the United States reflects the emergence of highly competitive firms based abroad and is thus linked to the loss of U.S. international competitiveness in trade. Two-way flows of direct investment have blurred the distinction, at least among industrial nations, between host and source countries. While the United States remains a major source country as well as the strongest voice for international action to regulate national investment policies, it has also become the world's most important host to direct investment, with all the domestic political pressures entailed. A key policy question for the 1990s is whether the United States will continue its leadership role in combating investment policies that achieve nationalistic objectives at the expense of global efficiency, or join other host countries in adopting its own nationalistic policies.

Suggested Citation

  • RACHEL McCULLOCH, 1991. "Why Foreign Corporations are Buying into U.S. Business," The ANNALS of the American Academy of Political and Social Science, , vol. 516(1), pages 169-182, July.
    • Handle: RePEc:sae:anname:v:516:y:1991:i:1:p:169-182
    DOI: 10.1177/0002716291516001014
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0002716291516001014
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0002716291516001014?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Robert E. Lipsey & Mario Schimberni & Robert V. Lindsay, 1988. "Changing Patterns of International Investment in and by the United States," NBER Chapters, in: The United States in the World Economy, pages 475-558, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Joosung Jun, 1989. "U.S. Tax Policy and Direct Investment Abroad," NBER Working Papers 3049, National Bureau of Economic Research, Inc.
    2. repec:ilo:ilowps:289571 is not listed on IDEAS
    3. Linda S. Goldberg, 1990. "Nominal Exchange Rate Patterns: Correlationswith Entry, Exit, and Invesment in U.S. Industry," NBER Working Papers 3249, National Bureau of Economic Research, Inc.
    4. Barry Eichengreen, 1989. "The US Capital Market and Foreign Lending, 1920–1955," NBER Chapters, in: Developing Country Debt and the World Economy, pages 237-248, National Bureau of Economic Research, Inc.
    5. James R. Markusen & Keith E. Maskus, 2001. "Multinational Firms: Reconciling Theory and Evidence," NBER Chapters, in: Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey, pages 71-98, National Bureau of Economic Research, Inc.
    6. Campa, Jose & Goldberg, Linda S., 1995. "Investment in manufacturing, exchange rates and external exposure," Journal of International Economics, Elsevier, vol. 38(3-4), pages 297-320, May.
    7. Robert E. Lipsey, 1995. "Outward Direct Investment and the U.S. Economy," NBER Chapters, in: The Effects of Taxation on Multinational Corporations, pages 7-42, National Bureau of Economic Research, Inc.
    8. Robert E. Lipsey, 1993. "Foreign Direct Investment in the United States: Changes over Three Decades," NBER Chapters, in: Foreign Direct Investment, pages 113-172, National Bureau of Economic Research, Inc.
    9. Michael B. Devereux & Charles Engel, 2001. "The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production," NBER Chapters, in: Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey, pages 163-194, National Bureau of Economic Research, Inc.
    10. Magnus Blomstrom & Robert E. Lipsey, 1987. "U.S. Firms in Latin American Service Industries," NBER Working Papers 2307, National Bureau of Economic Research, Inc.
    11. Robert E. Lipsey, 1992. "Foreign Direct Investment in the U.S.: Changes Over Three Decades," NBER Working Papers 4124, National Bureau of Economic Research, Inc.
    12. Joosung Jun, 1989. "What is the Marginal Source of Funds for Foreign Investment?," NBER Working Papers 3064, National Bureau of Economic Research, Inc.
    13. Charles Handy & James M. MacDonald, 1989. "Multinational Structures and Strategies of U.S. Food Firms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(5), pages 1246-1254.
    14. Campbell, Duncan C. & Mcelrath RG., 1990. "The Employment effects of multinational enterprises in the United States and of American multinationals abroad," ILO Working Papers 992895713402676, International Labour Organization.
    15. Barry Eichengreen, 1987. "Til Debt Do Us Part: The U.S. Capital Market and Foreign Lending, 1920-1955," NBER Working Papers 2394, National Bureau of Economic Research, Inc.
    16. Irving B. Kravis & Robert E. Lipsey, 1989. "Technological Characteristics of Industries and the Competitiveness of the U.S. and its Multinational Firms," NBER Working Papers 2933, National Bureau of Economic Research, Inc.
    17. Robert E. Lipsey, 1989. "The Internationalization of Production," NBER Working Papers 2923, National Bureau of Economic Research, Inc.
    18. Joosung Jun, 1990. "US Tax Policy and Direct Investment Abroad," NBER Chapters, in: Taxation in the Global Economy, pages 55-78, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:anname:v:516:y:1991:i:1:p:169-182. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.