A memorandum by Labor Secretary Robert Reich to President Bill Clinton suggested that the government penalize U.S. companies that invest overseas rather than at home. According to Reich, this kind of investment hurts exports and destroys well-paying jobs. Comment on this argument.
Answer to relevant QuestionsAre multinational firms riskier than purely domestic firms? What data would you need to address this question?1. What was the impetus for Argentina's currency board system?2. How successful was Argentina's currency board?3. What led to the downfall of Argentina's currency board?4. What lessons can we learn from the experience of ...On November 28, 1990, Federal Reserve Chairman Alan Greenspan told the House Banking Committee that despite possible benefits to the U.S. trade balance, ''a weaker dollar also is a cause for concern.'' This statement ...1. What are competitive currency devaluations? What triggered them in 2003?2. What mechanisms are used to create competitive devaluations?3. What is QE2, and how does it affect the value of the U.S. dollar?4. What are the ...In discussing the European Monetary Union, a recent government report stressed a need to make the central bank accountable to the ''democratic process.'' What are the likely consequences for price stability and exchange rate ...
Post your question