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Investments in jobs in third world countries
November 4, 2009
UNITED STATES FOREIGHN INVESTMENTS TOTAL OVER 3.62 BILLION DOLLARS.
NOTE. LOOK AT THE NUMNBERS FROM 1980 TO DATE.
THESE INVESTMENTS ARE GOING TO FOREGHN COUNTIRES DUE TO LOWER THE OPERATING COST OF FORTUNE 500 ENBALING THEM TO RETURN MORE MONEY TO INVESTORS, BUT AT A PRICE OF MILLIONS OF USA JOBS.
WHY DOES THE USA DO THIS?
FORTUNE 500 AND ITS LOBBY ARE IN CHARGE OF CONGRESS.
Most U.S. foreign direct investment is in rich countries.
THE NUMBERS:
1960 1980 2000 2008
U.S. FDI Abroad $33.7 billion $216 billion $1,316 billion $3,162 billion
... in EU Members $6.4 billion $83 billion $620 billion $1,630 billion
... in Canada $11.2 billion $45 billion $132 billion $227 billion
... in Mexico $0.8 billion $1 billion $39 billion $95 billion
... in China -- -- $11 billion $45 billion
... in India $0.2 billion -- $2 billion $17 billion
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Posted by jstivers2 November 4, 2009
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Hope the spell police are not working today.
My several bads . . .jas |
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