| USA. Foreign investment good for the economy, despite ports controversy |
|
|
|
| Sunday, 26 February 2006 | |
|
Economic news: Despite controversy over ports deal, new poll shows that Americans overwhelmingly believe foreign investment is good for U.S. economy. According to the results from a national poll*, 74 percent of registered voters think that foreign direct investment or "insourcing" is beneficial to the U.S. economy. Insourcing refers to when a foreign company operates in the United States and employs American workers. "Because of its national security implications, the DP World transaction has understandably captured a lot of attention. But this poll shows that Americans are still aware that foreign direct investment -- or insourcing -- makes an important contribution to the U.S. economy by providing millions of jobs," said Todd Malan, OFII President and CEO. "Many of the elected officials who have expressed concern about this particular transaction have stellar voting records on trade and investment issues. They may have even played a role in their states' efforts to attract insourcing companies," Malan said. "I am confident that while Congress and the Administration continue to discuss this particular transaction, they will keep in mind the general point that foreign direct investment plays a positive role in the U.S. economy," concluded Malan. Facts about foreign direct investment in the Unites States * U.S. subsidiaries of foreign companies insource 5.3 million American jobs; * U.S. subsidiaries of foreign companies support an annual payroll of $317.9 billion; * Average compensation at U.S. subsidiaries of foreign companies is $60,527, over 34 percent higher than that at all U.S. companies; * Ninety-four percent of total assets owned by foreign companies are from OECD countries (www.oecd.org/document/58/0,2340,en_2649_201185_1889402_1_1_1_1,00.html; and * Only 2 percent of total direct investment (assets) is owned by government companies compared with private sector firms. The Organization for International Investment is a Washington-based business association representing U.S. subsidiaries of international companies headquartered abroad. Neither DP World nor P&O is a member of OFII. For additional information, see OFII's web site at http://www.ofii.org/. *About the poll: This national poll was conducted by Neil Newhouse of Public Opinion Strategies (Feb. 20-23, 2006), of 800 registered voters with a margin of error of +/- 3.46%. |
|
| Last Updated ( Sunday, 26 February 2006 ) |
| < Prev | Next > |
|---|