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June 29, 2015
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FDI has grown in importance in the global economy with FDI stocks now constituting 28 percent of global GDP.
US International Direct Investment Flows
|Period |FDI Outflow |FDI Inflows |Net |
|1960-69 |$ 42.18 bn |$ 5.13 bn |+ $ 37.04 bn |
|1970-79 |$ 122.72 bn |$ 40.79 bn |+ $ 81.93 bn |
|1980-89 |$ 206...
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Organized labor, convinced that investment abroad exported jobs, undertook a major campaign to reform the tax provisions which affected foreign direct investment. The Foreign Trade and Investment Act of 1973 (or the Burke-Hartke Bill) would have eliminated both the tax credit and tax deferral. The Nixon Administration, influential members of Congress of both parties, and well-financed lobbying organizations came to the defense of the multinational...
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