This paper begins with a summary of the major trends in foreign direct investment over the 1980-1995 period. Following that we present five fallacies, dealing with: the magnitude of foreign investment in Japan; the impact of FDI on the U.S. and Japanese trade balance; the extent to with multinational corporations control U.S. trade; the impact of exchange rate movements on foreign investment flows; and finally, the impact of FDI on welfare of the host country. The paper concludes with a further analysis of the recent trends in foreign investment, and their implications for the competition faced by U.S. firms on international markets.
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Paper provided by California Davis - Department of Economics in its series Department of Economics with number
98-04.
Length: Date of creation: Date of revision: Handle: RePEc:fth:caldec:98-04
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