Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of the negative effects of capital controls. Capital controls are measures, sometimes in the form of taxes or fees, that limit the movement of capital into …
Japanese telecommunications company Softbank wants to buy Sprint Nextel for about $20 billion. One barrier to the deal is unusual: Softbank and Sprint are being pushed to spurn equipment made by specific Chinese companies, due to cyber espionage fears. The fear is reasonable but the way the deal is being …
For the past few weeks, India’s internal turmoil has been on display via news headlines on rape, widespread poverty, and continued civil conflict. Foreign Affairs recently published an article exploring one of the root causes of India’s widespread poverty and a perpetrator of its social challenges: landlessness. The article explains …
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 …
China set a record with its investments around the world in 2012. And in the United States, China shattered its previous investment record. Before people start panicking, it’s important to know: This is not a bad thing. First, let’s put it in perspective. Chinese investment is still very, very small …
China’s State Administration for Foreign Exchange is buying $1.5 billion worth of pension assets from General Motors. The assets are positions in funds held by the Carlyle Group, Blackstone, and CVC Capital. This is the latest in a surge of Chinese investment in the U.S., investment that benefits all the …
