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Jan Ondrich - Foreign Direct Investment in the United States: Issues, Magnitudes, and Location Choice of New Manufacturing Plants : 1993

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title Foreign Direct Investment in the United States Issues Magnitudes - photo 1

title:Foreign Direct Investment in the United States : Issues, Magnitudes, and Location Choice of New Manufacturing Plants
author:Ondrich, Jan.; Wasylenko, Michael J.
publisher:Upjohn Institute
isbn10 | asin:0880991402
print isbn13:9780880991407
ebook isbn13:9780585284415
language:English
subjectManufacturing industries--United States--Foreign ownership, Factories--Location--United States, Industries--United States--Foreign ownership, Industrial location--United States, Corporations, Foreign--United States, Investments, Foreign--United States, La
publication date:1993
lcc:HD9725.O53 1993eb
ddc:332.6/73/0973
subject:Manufacturing industries--United States--Foreign ownership, Factories--Location--United States, Industries--United States--Foreign ownership, Industrial location--United States, Corporations, Foreign--United States, Investments, Foreign--United States, La
Page i
Foreign Direct Investment in the United States
Issues, Magnitudes, and Location Choice of New Manufacturing Plants
Jan Ondrich
Michael Wasylenko
Syracuse University
1993
Page ii Library of Congress Cataloging-in-Publication Data Ondrich - photo 2
Page ii
Library of Congress Cataloging-in-Publication Data
Ondrich, Jan, 1954
Foreign direct investment in the United States : issues,
magnitudes, and location choice of new manufacturing plants / Jan Ondrich
and Michael Wasylenko.
p. cm.
Includes bibliographical references and index.
ISBN 0-88099-140-2 (cloth).ISBN 0-88099-139-9 (pbk.)
1. United StatesManufacturesForeign ownership. 2. United
StatesManufacturesLocation. 3. United StatesIndustries
Foreign ownership. 4. United StatesIndustriesLocation.
United States. 7. Labor marketUnited States. 8. Balance of
paymentsUnited States. I. Wasylenko, Michael J. II. Title.
HD9725.053 1993
332.6'73'0973dc20 93-23240
CIP
Copyright 1993
W.E. Upjohn Institute for Employment Research
300 S. Westnedge Avenue
Kalamazoo, Michigan 49007-4686
The facts presented in this study and the observations and viewpoints expressed are the sole responsibility of the authors. They do not necessarily represent positions of the W.E. Upjohn Institute for Employment Research.
Cover design by J.R. Underhill.
Index prepared by Shirley Kessel.
Printed in the United States of America.
Page iii
Acknowledgments
During the course of our research on this monograph, we have accumulated many deficit positions ourselves. We wish to acknowledge our debts to many people, although that by itself will not eliminate the debt.
We are grateful to the W. E. Upjohn Institute for Employment Research for supporting our research. Timothy Bartik of the Institute, our colleague Douglas Holtz-Eakin, and two anonymous referees made many useful comments on earlier drafts of this work. We thank them for their ideas and for their conscientious efforts to improve our work. Still, we could not incorporate all of their ideas, and the remaining shortcomings of our work are our doing.
In earlier stages of the work Robert Carroll, now at the Department of Treasury and Jingyu Oh of the Korea Energy Economics Institute delivered high-quality research assistance. Their work is present in many aspects of this book.
In addition, several staff members of the Metropolitan Studies Program of the Maxwell School at Syracuse University improved mightily on the presentation of our work. Esther Gray typed many drafts of chapters and made suggestions for improvement in presentation of tables and manuscript style. Karin D'Agostino worked on our maps and graphics to transform our crude ideas to first-rate representations of our findings. Laura Griffin made many editorial improvements throughout the manuscript and typed several drafts of the chapters as well. We owe a substantial debt of gratitude to these friends.
Our families also managed to ignore us when we were distracted by yet another setback. Mia Ondrich, however, contributed in substantial ways to our analysis. We thank Mia and Laura Ondrich and Lydia and Thomas Wasylenko for their patience and indulgence.
Page iv
The Authors
Jan Ondrich is Associate Professor of Economics and Senior Research Associate of the Metropolitan Studies Program, Maxwell School of Citizenship and Public Affairs, at Syracuse University.
Michael Wasylenko is Professor and Chair of the Economics Department at Syracuse University and Associate Director of the Metropolitan Studies Program.
Page v
Contents
1
Introduction
1
Picture 3
The Larger Setting
3
Picture 4
Definitions of Foreign Investment
4
Picture 5
Aggregate Trends in Foreign Investment
5
Picture 6
Rationales for Investing in Foreign Countries
10
Picture 7
How Mobile is Foreign Capital?
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