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Globalizing Texas: direct investment and business cycles

Author

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  • Anil Kumar

Abstract

Hundreds of foreign companies, employing almost 400,000 workers, have put down roots in Texas. The highest concentration of jobs is in manufacturing, but more foreign firms are finding their way into services. ; Early this decade, Texas exceeded the nation in attracting foreign direct investment (FDI) assets, but the state has since lost its edge. Its FDI-related employment as a share of overall jobs ranks in the middle of the pack. ; In the September/October issue of> Southwest Economy, an article on globalizing Texas focused on export growth and related employment, including jobs in high tech. Analyzing foreign investment in the state offers further insight into the Texas economy in an era of rapid globalization.

Suggested Citation

  • Anil Kumar, 2007. "Globalizing Texas: direct investment and business cycles," Southwest Economy, Federal Reserve Bank of Dallas, issue Nov, pages 11-13.
    • Handle: RePEc:fip:feddse:y:2007:i:nov:p:11-13:n:6
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