U.S. Ownership of Firms in Canada: Issues and Policy ApproachesFrom the Foreword: On a per capita basis, Canadians have made more direct investments in the United States than Americans have in Canada. Because of the vast disparity in the overall size of the two economies, however, total U.S. direct investment has reached such a high level in Canada that it is a topic of considerable controversy in the bilateral relationship. This two-part volume focuses upon the economic dimensions of this controversy. In the first part of this volume, many of the issues that have been raised about U.S. direct investment in Canada are analyzed in order to examine how, and with what consequences, such investment affects the degree to which the two economies have become linked. The second part contains a review and analysis of Canada's recent steps to control foreign-direct-investment inflows through the Foreign Investment Review Agency (FIRA). |
Contents
Conclusion | 7 |
Determinants of Foreign Direct and Portfolio Investment | 14 |
Empirical Analysis of U S Foreign Direct Investment | 23 |
Copyright | |
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Common terms and phrases
analysis appliance division argued benefits of foreign bilateral direct investment CAMCO Canadian direct investment Canadian dollars Canadian manufacturing industries capital Caves costs dependent variable direct investment abroad direct investment process domestic assets domestically owned firms domestically owned plants economic benefits economies of scale efficiency empirical estimates evidence exports to Canada exports to Europe factors of production FIRA foreign acquisitions foreign direct investment foreign firms foreign investment Foreign Investment Review foreign ownership foreign-owned firms foreign-owned plants Fred Bergsten Furthermore impact of foreign important increased index values indirect investment in Canada investors ment Ottawa percent percentage portfolio investment postwar period potential product differentiation rate of return relative review process Richard E sample industries sector specific spillover Statistics Canada suggests takeover tariff technological intensity tions Toronto total U.S. trade U.S. direct investment U.S. dollars U.S. exports U.S. firms U.S. foreign direct U.S. Government United vestment Westinghouse