Unwanted Company : : Foreign Investment in American Industries / / Jonathan Crystal.

• Superior document: Title is part of eBook package: De Gruyter Cornell University Press Backlist 2000-2013
• VerfasserIn: Crystal, Jonathan,
• Place / Publishing House: Ithaca, NY : : Cornell University Press, , [2018]; ©2003
• Year of Publication: 2018
• Language: English
• Physical Description: 1 online resource (256 p.) :; 1 table

In the last quarter century, the U.S. economy has been transformed by a large inflow of direct investment from abroad. Foreign companies, mainly from Europe and Japan, have built factories and acquired U.S. firms at an ever-increasing rate. Jonathan Crystal finds inconsistencies in how American businesses have responded to this globalization of production.U.S. firms, especially multinationals, have conflicting interests regarding investment protection, Crystal shows. Many American firms, under siege from overseas competitors, have already expended considerable energy in obtaining trade protection, but they are competing not only with foreign imports but also with locally established foreign-owned firms. American businesses may favor stricter regulation of foreign companies that threaten their bottom line, but they also consider their own interests as global investors subject to retaliatory protection in other countries. Restrictions on "foreign" investment, it seems, are not so attractive when they are imposed by other countries.Unwanted Company examines the different ways in which important U.S. industries (including semiconductors, automobiles, steel, consumer electronics, telecommunications, and airlines) reacted to this new challenge. It focuses on the political responses of U.S.-owned firms to how Washington ought to regulate foreign direct investment and how it ought to treat foreign-owned firms in the United States. Some industries welcomed (or at least didn't oppose) foreign investment, whereas others sought restrictive and discriminatory policies. Crystal demonstrates how the nature of the domestic political environment shapes the translation of economic interests into policy preferences.

Table of Contents

Frontmatter -- Contents -- Acknowledgments -- Acronyms -- 1. THE CHALLENGE OF INCOMING FOREIGN DIRECT INVESTMENT -- 2. POLITICAL RESPONSES TO FOREIGN INVESTMENT -- 3. AN ECONOMIC RESPONSE -- 4. AN AMBIVALENT RESPONSE -- 5. A LIBERAL RESPONSE -- 6. A STRATEGIC RESPONSE -- 7. POLITICAL VARIABLES AND POLICY PREFERENCES -- NOTES -- REFERENCES -- INDEX