The U.S. Constitution guarantees that no person may be “deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.” But what we take for granted in the United States isn’t always the case when doing business abroad.
Foreign direct investment (FDI) is usually measured in the millions, billions, and trillions. In this Cambodian shoe factory, the value to workers and their community can be measured every 374.41 seconds.
The operations of majority-owned U.S. affiliates added $869.1 billion to the U.S. economy in 2014 and employed 6.4 million American workers. They are heavy traders as well, accounting for an astounding 26 percent of total U.S. exports of goods in 2013, and 30.3 percent of imports of goods.
In our Essential on Which Countries Invest and Employ the Most Workers in U.S. States, we introduce an online resource from SelectUSA that brings together data on foreign investment in the United States in an easy-to-use interactive tool. You can explore the inward stock of FDI in the United States by country of origin, and see which industries attract the most investment, which states are the largest destinations of foreign capital, and where jobs are being created from these investments. FDI is a big contributor to the U.S. economy, adding around $870 billion in value in 2014 and employing some 6.4 million American workers. FDI also drives more than one quarter of U.S. trade. Discover more at: https://www.selectusa.gov/data\
In 1994 – the year NAFTA went into effect – the Internet was still accessed through dial-up. Amazon, Google, and eBay were years away, while Facebook and the iPhone were a decade off. As the United States, Canada, and Mexico prepare to rethink NAFTA, they have an opportunity to write rules for digital trade, protecting North America’s lead as a digital pioneer.
The marriage of the physical and digital worlds has unlocked limitless economic opportunities, providing a boost to productivity and propelling us into the next industrial revolution. Policymakers will need to work to keep up by removing trade barriers that could limit the global reach of the Internet of Things.
The secret to the success of Michele’s Granola is more than a great product. Also instrumental was a little-known, decades-old government initiative – the Manufacturing Extension Partnership (MEP) program – aimed at helping small and medium-sized manufacturers grow.
In 2016, American ranchers sold $6.3 billion worth of beef overseas, finding its way into traditional meat dishes from yakiniku in Japan to tacos al carbon in Mexico, and bulgogi in South Korea. And now, thanks to a new trade deal, they can sell beef to China too.
Because most everything can be found online and purchased in small quantities, most consumers don’t see much difference between buying toothpaste from CVS online or purchasing an Alex Galchenyuk hockey trading card from Canada on eBay. But when the product is shipped across an international border, the “de minimis” rule is in play.
The idea of carbon tariffs has been resurrected after the United States announced it would withdraw from the Paris Climate Agreement. Such tariffs are subject to a complex framework of rules under the WTO.