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Author: Bradley Setzler Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Governments go to great lengths to attract foreign multinationals because they are thought to raise the wages paid to their employees (direct effects) and to improve outcomes at local domestic firms (indirect effects). We construct the first U.S. employer-employee dataset with foreign ownership information from tax records to measure these direct and indirect effects. We find the average direct effect of a foreign multinational firm on its U.S. workers is a 7 percent increase in wages. This premium is larger for higher skilled workers and for the employees of firms from high GDP per capita countries. We find evidence that it is membership in a multinational production network--instead of foreignness--that generates the foreign firm premium. We leverage the past spatial clustering of foreign-owned firms by country of ownership to identify the indirect effects. An expansion in the foreign multinational share of commuting zone employment substantially increases the employment, value added, and--for higher earning workers--wages at local domestic-owned firms. Per job created by a foreign multinational, our estimates suggest annual gains of 16,000 USD to the aggregate wages of local incumbents, of which about two-thirds is due to indirect effects. Our estimates suggest that--via mega-deals for subsidies from local governments--foreign multinationals are able to extract a sizable fraction of the local surplus they generate.
Author: Bradley Setzler Publisher: ISBN: Category : Business enterprises Languages : en Pages : 61
Book Description
Governments go to great lengths to attract foreign multinational enterprises because these enterprises are thought to raise the wages paid to their employees (direct effects) and to improve outcomes at incumbent local firms (indirect effects). We construct the first U.S. employer-employee dataset with foreign ownership information from tax records to measure these direct and indirect effects. We find the average direct effect of a foreign multinational firm on its U.S. workers is a 7 percent increase in wages. This premium is larger for higher skilled workers and for the employees of firms from high GDP per capita countries. We leverage the past spatial clustering of foreign-owned firms by country of ownership to identify the indirect effects. An expansion in the foreign multinational share of commuting zone employment substantially increases the employment, value added, and -- for higher earning workers -- wages at local domestic-owned firms. Per job created by a foreign multinational, our estimates suggest annual gains of 16,000 USD to the aggregate wages of local incumbents, of which about two-thirds is due to indirect effects. We compare our findings to the value of subsidy deals received by foreign multinationals.
Author: Lina Gálvez-Muñoz Publisher: Routledge ISBN: 1134532105 Category : Business & Economics Languages : en Pages : 274
Book Description
In this volume, leading scholars in international business and business history in the United States, Europe and Japan examine the experiences of a range of firms in the United States. They survey British, Canadian, French, German, Spanish and Japanese firms, and span a range of sectors including automobiles, banking, electricals, petroleum and steel. Together, their contributions present a unique evolutionary and comparative perspective on the management and performance of foreign companies in the United States since 1945. This book is essential reading for all those with a professional or academic interest in international business, management, business history or business in the United States.
Author: Duncan C. Campbell Publisher: International Labour Organization ISBN: 9221075370 Category : Employment in foreign countries Languages : en Pages : 130
Author: Michelle Bertho Publisher: ISBN: Category : Business & Economics Languages : en Pages : 320
Book Description
This is the first work to systematically demystify the impact of globalization on the United States and American society in particular, turning the tables on the more familiar idea of America as the nefarious globalizer of the developing world
Author: James R. Hines Publisher: Brookings Institution Press ISBN: 0815738560 Category : Business & Economics Languages : en Pages : 585
Book Description
How multinationals contribute, or don't, to global prosperity Globalization and multinational corporations have long seemed partners in the enterprise of economic growth: globalization-led prosperity was the goal, and giant corporations spanning the globe would help achieve it. In recent years, however, the notion that all economies, both developed and developing, can prosper from globalization has been called into question by political figures and has fueled a populist backlash around the world against globalization and the corporations that made it possible. In an effort to elevate the sometimes contentious public debate over the conduct and operation of multinational corporations, this edited volume examines key questions about their role, both in their home countries and in the rest of the world where they do business. Is their multinational nature an essential driver of their profits? Do U.S. and European multinationals contribute to home country employment? Do multinational firms exploit foreign workers? How do multinationals influence foreign policy? How will the rise of the digital economy and digital trade in services affect multinationals? In addressing these and similar questions, the book also examines the role that multinational corporations play in the outcomes that policymakers care about most: economic growth, jobs, inequality, and tax fairness.
Author: Robert E. Lipsey Publisher: Routledge ISBN: 1134489765 Category : Business & Economics Languages : en Pages : 289
Book Description
This collection of essays shows the high degree of complementarity between foreign direct investment and home export, challenging the long held fear that firms investing abroad leads to a loss of employment and decline in the home country.
Author: United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Multinational Corporations Publisher: ISBN: Category : International business enterprises Languages : en Pages : 144
Author: Roland Urban Publisher: GRIN Verlag ISBN: 3638393240 Category : Business & Economics Languages : en Pages : 21
Book Description
Seminar paper from the year 2005 in the subject Economics - International Economic Relations, grade: 1,0 (A), Leeds Metropolitan University, course: Multinational Enterprises, language: English, abstract: The role of multinational companies in the world economy has expanded rapidly over the last decades. Multinationals both react to and a major driving force within the changing world economy1. The globalisation of markets is responsible for the increase in worldwide foreign direct investments. International inflows of foreign direct investment (FDI) amount for around $560 billion in 2003, representing an increase of around 130 per cent over 1990 levels. In terms of its share of global FDI, the United States of America are a major source country worldwide with a share of five per cent of total global FDI inflows in 2003. Furthermore, the United States of America were the last 25 years on position one of the Inward FDI Potential Index published by the UNCTAD23. These foreign direct investments may play a significant role in helping to transfer leadingedge skills, technologies, management styles and other important practises to host economies4. This report is based on secondary research and will assess the impact of Multinational Enterprises on the U.S. economy and is divided into three parts. First of all, I am going to give in my report a brief overview about foreign direct investments into the United States in order to give a good descriptive base for the main part. In the major part I will point out the costs and benefits of foreign direct investments for the United States both in theoretical and empirical terms. After this analysis my report will suggest policy implications based on the assessment of the costs and benefits. 1 Young, St., Hood, N., Hamil, J. (1988) 2 UNCTAD (2004) 3 See Appendix 4 South Centre (1997)
Author: United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Multinational Corporations Publisher: ISBN: Category : International business enterprises Languages : en Pages : 140
Author: Bradley Setzler
Author: Bradley Setzler
Author: Lina Gálvez-Muñoz
Author: Duncan C. Campbell
Author: Michelle Bertho
Author: James R. Hines
Author: Robert E. Lipsey
Author: United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Multinational Corporations
Author: Roland Urban
Author: Duane Kujawa
Author: United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on Multinational Corporations