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Article: Wise advice.(rules on foreign investment)(Brief article)
- Article from:
- The International Economy
- Article date:
- March 22, 2007
- Author:
CopyrightCOPYRIGHT 2007 International Economy Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Foreign investment in all its forms--including foreign direct investment and portfolio investment--is a growth engine that must run smoothly for the U.S. and European economies to continue to prosper. We must tackle the growing perception that the United States and Europe are becoming less open to investment. In the United States, over five million Americans work for companies headquartered overseas. Although these jobs comprise only 4 percent of our workforce, they account for 10 percent of our capital investment, 15 percent of annual research and development, and 20 percent of our exports. And over 30 percent of these foreign direct investment jobs are in manufacturing, ...