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Because of globalization, the U.S.-owned corporation headquartered in the United States is no longer the vehicle for achieving U.S. competitiveness. Foreign-owned corporations that invest heavily in U.S.- based production facilities and their workers may actually contribute more. U.S. government policy should open the borders to foreign investment and promote human capital rather than assuming that corporations will lead the way. This is true for a number of reasons: corporate ownership is less important today; control is less important; work force skills are critical; and foreign-owned corporations help U.S. workers add value.