The History Of Foreign Investment In The United States To 1914

Author : Mira WILKINS,Mira Wilkins
Publisher : Harvard University Press
Page : 1009 pages
File Size : 50,5 Mb
Release : 2009-06-30
Category : Business & Economics
ISBN : 9780674045187

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The History of Foreign Investment in the United States, 1914-1945 by Mira WILKINS,Mira Wilkins Pdf

Mira Wilkins, the foremost authority on foreign investment in the United States, continues her magisterial history in a work covering the critical years 1914-1945. Wilkins includes all long-term inward foreign investments, both portfolio (by individuals and institutions) and direct (by multinationals), across such enterprises as chemicals and pharmaceuticals, textiles, insurance, banks and mortgage providers, other service sector companies, and mining and oil industries. She traces the complex course of inward investments, presents the experiences of the investors, and examines the political and economic conditions, particularly the range of public policies, that affected foreign investments. She also offers valuable discussions on the intricate cross-investments of inward and outward involvements and the legal precedents that had long-term consequences on foreign investment. At the start of World War I, the United States was a debtor nation. By the end of World War II, it was a creditor nation with the strongest economy in the world. Integrating economic, business, technological, legal, and diplomatic history, this comprehensive study is essential to understanding the internationalization of the American economy, as well as broader global trends.

Author : Mira Wilkins
Publisher : Harvard University Press
Page : 1092 pages
File Size : 43,6 Mb
Release : 1989
Category : Business & Economics
ISBN : 0674396669

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The History of Foreign Investment in the United States to 1914 by Mira Wilkins Pdf

From the colonial era to 1914, America was a debtor nation in international accounts--owing more to foreigners than foreigners owed to us. By 1914 it was the world's largest debtor nation. Mira Wilkins provides the first complete history of foreign investment in the United States during that period. The book shows why the United States was attractive to foreign investors and traces the changing role of foreign capital in the nation's development, covering both portfolio and direct investment. The immense new wave of foreign investment in the United States today, and our return to the status of a debtor nation--once again the world's largest debtor nation--makes this strong exposition far more than just historically interesting. Wilkins reviews foreign portfolio investments in government securities (federal, state, and local) and in corporate stocks and bonds, as well as foreign direct investments in land and real estate, manufacturing plants, and even such service-sector activities as accounting, insurance, banking, and mortgage lending. She finds that between 1776 and 1875, public-sector securities (principally federal and state securities) drew in the most long-term foreign investment, whereas from 1875 to 1914 the private sector was the main attraction. The construction of the American railroad system called on vast portfolio investments from abroad; there was also sizable direct investment in mining, cattle ranching, the oil industry, the chemical industry, flour production, and breweries, as well as the production of rayon, thread, and even submarines. In addition, there were foreign stakes in making automobile and electrical and nonelectrical machinery. America became the leading industrial country of the world at the very time when it was a debtor nation in world accounts.

Author : Lance E. Davis,Robert J. Cull
Publisher : Cambridge University Press
Page : 186 pages
File Size : 48,5 Mb
Release : 2002-07-18
Category : Business & Economics
ISBN : 0521526442

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International Capital Markets and American Economic Growth, 1820-1914 by Lance E. Davis,Robert J. Cull Pdf

This book is a study of the capital transfers to the United States in the nineteenth and twentieth centuries and, for the latter decades of that period, of the transfers from the United States to the rest of the worldMparticularly Canada, the Caribbean, Mexico, and Central and South America. It provides a quantitative estimate of the level and industrial composition of those transfers, and qualitative descriptions of the sources and uses of those funds; and it attempts to assess the role of those foreign transfers on the economic development of the recipient economies. In the process, it describes the evolution of the American domestic capital market. Finally, it explores the issue of domestic political response to foreign investment, attempting to explain why, given the obvious benefits of such investment, the political reaction was so negative and so intense in Latin America and in the American West, but so positive in Canada and the eastern United States.

Author : Mr.Edward M. Graham
Publisher : International Monetary Fund
Page : 36 pages
File Size : 46,5 Mb
Release : 1995-06-01
Category : Business & Economics
ISBN : 9781451847901

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Foreign Direct Investment in the World Economy by Mr.Edward M. Graham Pdf

The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.

Author : Stephen Broadberry,Mark Harrison
Publisher : Cambridge University Press
Page : 363 pages
File Size : 55,5 Mb
Release : 2005-09-29
Category : History
ISBN : 9781139448352

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The Economics of World War I by Stephen Broadberry,Mark Harrison Pdf

This unique volume offers a definitive new history of European economies at war from 1914 to 1918. It studies how European economies mobilised for war, how existing economic institutions stood up under the strain, how economic development influenced outcomes and how wartime experience influenced post-war economic growth. Leading international experts provide the first systematic comparison of economies at war between 1914 and 1918 based on the best available data for Britain, Germany, France, Russia, the USA, Italy, Turkey, Austria-Hungary and the Netherlands. The editors' overview draws some stark lessons about the role of economic development, the importance of markets and the damage done by nationalism and protectionism. A companion volume to the acclaimed The Economics of World War II, this is a major contribution to our understanding of total war.

Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 500 pages
File Size : 42,6 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226241807

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International Capital Flows by Martin Feldstein Pdf

Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

Author : Eric Bussière,Youssef Cassis,Jean Monnet Professor of European Construction Éric Bussière
Publisher : Oxford University Press on Demand
Page : 382 pages
File Size : 53,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 9780199269495

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London and Paris as International Financial Centres in the Twentieth Century by Eric Bussière,Youssef Cassis,Jean Monnet Professor of European Construction Éric Bussière Pdf

"This is a comparison between London and Paris as international financial centres since the late nineteenth century. The chapters include both archive-based and synthetic surveys. It also gives insights into: the political economy of Britain and France in the twentieth century, and the history of international financial centres"--Provided by publisher.

Author : Mira Wilkins
Publisher : Unknown
Page : 310 pages
File Size : 53,9 Mb
Release : 1976
Category : Electronic
ISBN : LCCN:71122218

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The Emergence of Multinational Enterprise by Mira Wilkins Pdf

Author : Rondo Cameron,V. I. Bovykin
Publisher : Oxford University Press
Page : 670 pages
File Size : 48,9 Mb
Release : 1992-03-12
Category : Business & Economics
ISBN : 9780195345124

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International Banking 1870-1914 by Rondo Cameron,V. I. Bovykin Pdf

This book, the product of a unique international scholarly collaboration sponsored jointly by the American Council of Learned Societies and the Soviet Academy of Sciences, provides a comprehensive survey on international banking from 1870 to 1914. In that period international investment reached dimensions previously unknown, and the banking systems of the world achieved a degree of internationalization without precedent. The book's authors, twenty-five scholars from fifteen countries, are the acknowledged experts in their fields. They detail the origin and development of internationally oriented banks in each major country, and explain their role in foreign investment and industrial finance. They look at all areas of the world that were involved in international investment, either as investors, recipients of investment, or both. The definitive work on international banking from 1870 to 1914, this book will interest scholars and students in financial and banking history, bankers and economists in the finanical industry, and general historians.

Author : Lance E. Davis,Robert E. Gallman
Publisher : Cambridge University Press
Page : 1002 pages
File Size : 49,5 Mb
Release : 2001-05-07
Category : Business & Economics
ISBN : 1139427180

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Evolving Financial Markets and International Capital Flows by Lance E. Davis,Robert E. Gallman Pdf

This study examines the impact of British capital flows on the evolution of capital markets in four countries - Argentina, Australia, Canada, and the United States - over the years 1870 to 1914. In substantive chapters on each country it offers parallel histories of the evolution of their financial infrastructures - commercial banks, non-bank intermediaries, primary security markets, formal secondary security markets, and the institutions that provide the international financial links connecting the frontier country with the British capital market. At one level, the work constitutes a quantitative history of the development of the capital markets of five countries in the late nineteenth century. At a second level, it provides the basis for a useable taxonomy for the study of institutional invention and innovation. At a third, it suggests some lessons from the past about modern policy issues.

Author : Mira Wilkins
Publisher : Unknown
Page : 608 pages
File Size : 42,7 Mb
Release : 2013-10-01
Category : Electronic
ISBN : 0674863003

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The Maturing of Multinational Enterprise by Mira Wilkins Pdf

Author : Maurice Obstfeld,Alan M. Taylor
Publisher : Cambridge University Press
Page : 386 pages
File Size : 44,9 Mb
Release : 2004
Category : Business & Economics
ISBN : 0521671795

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Global Capital Markets by Maurice Obstfeld,Alan M. Taylor Pdf

This book is an economic survey of international capital mobility from the late nineteenth century to the present.

Author : United States. Bureau of Foreign and Domestic Commerce,Arno Press
Publisher : Unknown
Page : 200 pages
File Size : 50,6 Mb
Release : 1977
Category : Electronic
ISBN : OCLC:249142312

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European Foreign Investments As Seen by the U.S. Department of Commerce by United States. Bureau of Foreign and Domestic Commerce,Arno Press Pdf

Author : Peter Mathias
Publisher : Psychology Press
Page : 505 pages
File Size : 41,9 Mb
Release : 2001
Category : Great Britain
ISBN : 9780415266727

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The First Industrial Nation by Peter Mathias Pdf

The industrial revolution of Britain is recognized today as a model for industrialization all over the world. Now with a new introduction by the author, this book is widely renowned as a classic text for students of this key period.

Author : Kate Miles
Publisher : Cambridge University Press
Page : 499 pages
File Size : 52,5 Mb
Release : 2013-10-24
Category : Law
ISBN : 9781107039391

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The Origins of International Investment Law by Kate Miles Pdf

An examination of the origins of international investment law and their continued resonance in the twenty-first century.