Penalizing U.S. companies that invest overseas
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A memorandum by Labor Secretary Robert Reich to President Clinton suggested that the government penalize U.S. companies that invest overseas rather than at home. According to Reich, this kind of investment hurts exports and destroys well-paying jobs. Comment on this argument.
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This posting gives a detailed response to the student's question. The expert examines penalizing United States companies investing overseas.
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The assumption underlying Secretary Reich's memo is inconsistent with the empirical evidence. According to this evidence, U.S. companies that invest abroad tend to expand their exports from the United States. The jump in exports stems from the ...
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