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Entrepot Capitalism: Foreign Investment and the American Dream in the Twentieth Century
Entrepot Capitalism Foreign Investment and the American Dream in the Twentieth Century Author:Charles R. Geisst This history on foreign investment in the United States since 1920 shows how it changed from a debtor nation to a supplier of capital to the rest of the world, and then details the structural shifts in this creditor position after the breakdown of the Bretton Woods system in 1972. Geisst demonstrates that the United States has always been a magn... more »et for foreign portfolio and direct investment. Traditionally, this has come from northern European or Canadian sources, but in the 1970s the Japanese also became a major force. Currently, both types of investment in the United States are at historically high levels, but Geisst asserts that this foreign interest exerts a positive rather than a negative impact on the economic climate.« less