Understanding the Trans-Pacific Partnership

By - Schott, Jeffrey J., 1949-; Muir, Julia,; Kotschwar, Barbara

Floor - Floor 1

Published - Peterson Institute for International Economics, Washington, DC, 2012

ISBN 10 - 0881326720

ISBN 13 - 9780881326727

Book Status - 2 Qnty Available with us.

Subject - Pacific Area , Commercial policy

Shelf No - 20

Call Number - 382.91 SCH

Physical Description - (xi, 74 pages)

Book Information

"Americans have long been ambivalent toward foreign direct investment in the United States. Foreign multinational corporations may be a source of capital, technology, and jobs. But what are the implications for US workers, firms, communities, and consumers as the United States remains the most popular destination for foreign multinational investment? Theodore H. Moran and Lindsay Oldenski find that foreign multinational firms that invest in the United States are, alongside US-headquartered American multinationals, the most productive and highest-paying segment of the US economy. These firms conduct more research and development, provide more value added to US domestic inputs, and export more goods and services than other firms in the US economy. The superior technology and management techniques they employ spill over horizontally and vertically to improve the performance of local firms and workers. As the United States wants not only to expand employment but also create well-paying jobs that reverse the falling earnings that many US workers and middle class families have suffered in recent decades, it is more important than ever to enhance the United States as a destination for multinational investors." --

Open Book