Published by:
Harvard Business Publishing
Length: 4 pages
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Abstract
Buying into America, by Martin and Susan Tolchin, and Yen!, by Daniel Burstein, look at the data on foreign direct investment and sound the alarm. The authors propose that the United States adopt new economic policies to assure that the economy benefits from the growing role the Japanese play in manufacturing, banking, and real estate. The authors'' urgent tone recalls the period when the United States was Canada''s "Japan": foreign investors bought up three fifths of Canada''s manufacturing industry; 80% of the foreign-owned sector was in U.S. hands.
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Abstract
Buying into America, by Martin and Susan Tolchin, and Yen!, by Daniel Burstein, look at the data on foreign direct investment and sound the alarm. The authors propose that the United States adopt new economic policies to assure that the economy benefits from the growing role the Japanese play in manufacturing, banking, and real estate. The authors'' urgent tone recalls the period when the United States was Canada''s "Japan": foreign investors bought up three fifths of Canada''s manufacturing industry; 80% of the foreign-owned sector was in U.S. hands.