North Carolina’s congressional delegation has been among the most protectionist in the country. This is odd, considering that record levels of trade are creating well-paid jobs for many citizens of the state. North Carolina merchandise exports rose to nearly $29 billion in 2012, up 6 percent over the prior year …
Republic of Kosovo’s Prime Minister Hashim Thaci, in his February 17 speech commemorating the 5th anniversary of the country’s independence, expressed pride in his country’s visible accomplishments, but noted appropriately his awareness that “we need to do much more.” Indeed. Despite notable reforms since independence, the foundations of economic freedom …
Greenville, South Carolina, is the ninth-fastest growing city in the United States, according to CNN Money. Two of the main contributors to this rapid growth are trade liberalization (free trade) and foreign direct investment. The upstate of South Carolina, which includes the city of Greenville and small towns of Spartanburg …
The U.S.–India economic relationship is undeniably expanding. The question is how to maximize it. A recent report published by The Heritage Foundation, “Unleashing the Market in the U.S.–India Economic Relationship, Part I,” begins to answer that very question. The publication sheds light on what could happen if the largest economy …
A beleaguered Indian federal government tried last week to break out of its rut and boost what is finally recognized as a struggling Indian economy. It did so with a bold and valuable decision to expand foreign participation in retail. Foreign companies will be able to wholly own single-brand stores …
Conventional wisdom has it that China’s growing economy poses a serious threat to America’s status as a global economic superpower. The media and politicians repeat time and again that the United States is losing much of its manufacturing base to China and that American jobs are disappearing as a result. …
America’s bleak jobs picture would be even worse if not for foreign direct investment (FDI) in the U.S. economy. FDI in U.S. factories and property offers firms a source of new technologies, capital, products, and organizational skills, and it fuels economic growth. Most importantly, FDI creates jobs. According to the …
The argument against U.S. companies investing abroad typically goes as follows: “Companies are just trying to substitute cheap foreign labor for expensive U.S. labor. The United States loses jobs, capital, and technology when companies go offshore to employ cheaper foreign labor.” While that may be true for individual companies, the …
Recently, the Organization for International Investment released a report showing that the United States received $194.5 billion in foreign direct investment (FDI) in 2010. This FDI is responsible for millions of jobs, billions of dollars in exports, and higher wages for U.S. workers. FDI occurs when someone in another country …
