All listings for this product
Best-selling in Textbooks
Save on Textbooks
- AU $27.54Trending at AU $44.05
- AU $80.99Trending at AU $88.14
- AU $72.90Trending at AU $77.73
- AU $71.88Trending at AU $73.43
- AU $82.90Trending at AU $85.64
- AU $72.90Trending at AU $79.61
- AU $34.73Trending at AU $42.75
About this product
- DescriptionFrom the colonial era to 1914, America was a debtor nation in international accounts owing more to foreigners than foreigners owed to us. By 1914 it was the world's largest debtor nation. Mira Wilkins provides the first complete history of foreign investment in the United States during that period. The book shows why the United States was attractive to foreign investors and traces the changing role of foreign capital in the nation's development, covering both portfolio and direct investment. The immense new wave of foreign investment in the United States today, and our return to the status of a debtor nation once again the world's largest debtor nation makes this strong exposition far more than just historically interesting.Wilkins reviews foreign portfolio investments in government securities (federal, state, and local) and in corporate stocks and bonds, as well as foreign direct investments in land and real estate, manufacturing plants, and even such service-sector activities as accounting, insurance, banking, and mortgage lending. She finds that between 1776 and 1875, public-sector securities (principally federal and state securities) drew in the most long-term foreign investment, whereas from 1875 to 1914 the private sector was the main attraction. The construction of the American railroad system called on vast portfolio investments from abroad; there was also sizable direct investment in mining, cattle ranching, the oil industry, the chemical industry, flour production, and breweries, as well as the production of rayon, thread, and even submarines. In addition, there were foreign stakes in making automobile and electrical and nelectrical machinery. America became the leading industrial country of the world at the very time when it was a debtor nation in world accounts.
- Author BiographyMira Wilkins is Professor of Economics at Florida International University.
- Author(s)Mira Wilkins
- PublisherHarvard University Press
- Date of Publication01/07/1989
- SubjectEconomics: Professional & General
- Series TitleStudies in Business History
- Place of PublicationCambridge, Mass
- Country of PublicationUnited States
- ImprintHarvard University Press
- Content Note18ill.62tabs.
- Weight1543 g
- Width200 mm
- Height250 mm
- Spine53 mm
This item doesn't belong on this page.
Thanks, we'll look into this.