Phil Hauck's TEC Blog

Saturday, January 8, 2011

About Pres. Obama's Critique of 'Sending Jobs Overseas'

A recent WSJ article by Harvard finance prof. Mihir Desai states:
The data do not support the crude, fixed-pie intuition that firms either invest abroad or at home.
Ten percent growth in American firms' foreign investment is associated with 3% growth in their domestic investment. And when firms grow abroad, their domestic exports and R&D activities grow especially, contrary to Mr. Obama's rhetoric.

No comments:

Post a Comment