Outward Foreign Direct Investment, US Exports, US Jobs, and US R&D : Implications for US Policy.

Cover -- Table of Contents -- Preface -- Authors' Note -- Executive Summary -- Ch. 1 Overview -- Ch. 2 Role of US MNCs in the US Economy and Evolution of Their Domestic Operations -- MNC Employment and Output -- Industry-Level Patterns in Activities of US MNCs -- Ch. 3 Outward FDI by US MNCs: Implications for US Jobs, Exports, and Investment -- Outward Investment, Production at Home, and Exports: What the Record Shows -- Outward Investment and Investment at Home: What the Record Shows -- New Empirical Evidence: The Complementary Relationship between Domestic and Foreign Expansion by US MNCs -- How Do the New Results Compare with Other Studies of MNC Investment? -- Ch. 4 Globalization of R&amp -- D by US MNCs: Implications for US Prosperity -- Case Study 1: Caterpillar's Next-Generation Power Trains and Engine Emissions and Ef -- Case Study 2: General Electric Healthcare's Diagnostic Imaging Business -- Case Study 3: General Electric Healthcare's "Reverse Innovation" in India -- Observations from Case Studies -- Ch. 5 Tax Policy toward Multinational Corporations -- Complementarities Are the Key -- Excessive Corporate Taxation -- What about Revenue? -- Grubert's Challenge -- Reality Check -- Reconciling the Research -- Ch. 6 Implications for US Policy -- Tax Reform First -- Much Better Education -- Immigration Reform -- World-Class Infrastructure -- Conclusion -- Appendices -- References -- Index.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.