There is a long history of politicians claiming that American multinational corporations (MNCs) “ship jobs overseas” when they invest outside the United States. President Obama, for example, has proposed special support for US firms that stay at home, and criticized those that move abroad.
Backed by the Chinese government, Chinese companies have been acquiring equity stakes in natural resource companies, extending loans to mining and petroleum investors, and writing long-term procurement contracts for oil and minerals. These activities have aroused concern that China might be locking up natural resource supplies, gaining preferential access to available output, and extending control […]
Are multinational corporations in the United States relocating their manufacturing sites overseas, abandoning workers and communities at home? And are their investments abroad “hollowing out” America’s productive capacity? At a time of global economic and financial turmoil, these questions are as controversial as ever. The 2008 election rekindled the debate over the practices of multinational […]