Weekly Selection

2021-01-29T11:27:00+01:0028 July 2018|

Adam Posen, “How Trump Is Repelling Foreign Investment” The president of the Peterson Institute for International Economics exposes the long-term costs of economic nationalism. In a nutshell: investments in the US are becoming less attractive relative to those in the rest of the world. This year, net inward investment into the US by multinational corporations - both foreign and American - has fallen almost to zero. This shift of corporate investment away from the US will decrease the country’s long-term income growth, reduce the number of well-paid jobs and reinforce the ongoing shift of global commerce away from the US (reads in 6-8 min).