Keyword: foreign direct investment

US

US Steel

This US survey examines (a) Nippon Steel’s proposed acquisition of US Steel would lead to substantially less employment in the US steel industry than in the absence of such a deal; (b) Nippon Steel’s proposed acquisition of US Steel would cause no measurable damage to the American economy
Europe

Local Tax Incentives

This week's IGM European Economic Experts Panel statements: A) Giving tax incentives to specific firms to locate operations in a country typically generates domestic benefits that outweigh the costs to the country providing the incentives. B) Europe as a whole benefits when European cities or countries compete with each other by giving tax incentives to firms to locate operations in their jurisdictions.
US

Local Tax Incentives

This week’s IGM Economic Experts Panel statements: A)  Giving tax incentives to specific firms to locate operations in a city or state typically generates local benefits that outweigh the costs to the city and/or state providing the incentives. B) The US as a whole benefits when cities or states compete with each other by giving tax incentives to firms to locate operations in their jurisdictions.
US

Capital Outflows

This week’s IGM Economic Experts Panel statement: Experience over the past 30 years shows that for the typical emerging market nation facing rapid capital outflows, spending foreign currency reserves to defend its currency is a better policy for its citizens than not doing so.