|Updated: 5/16/2006; 10:49:23 AM.
|Ken Novak's Weblog
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Thursday, May 15, 2003
Economic US-EC links: "For the [Atlantic] alliance these are the best of times and the worst of times. The best of times? Consider this:
- Of the 10 largest employers in the United States, five are European firms.
- U.S. firms invested more than $750 billion overseas in the 1990s, roughly half of which went to Europe.·Nearly three quarters of all foreign investment in the U.S. in the 1990s came from Europe, about $659 billion.
- And, what of that mother of all business -- China? Sales by U.S. affiliates in all of China during 2000 were roughly equal to the U.S. affiliate sales in Sweden (about $32 billion), less than one-tenth of those in Germany and about one-fourth of those in France.
- Mexico? Despite the North American Free Trade Agreement, during the 1990s U.S. firms invested half as much there as they did in tiny Netherlands, $34.1 billion to $65.7 billion. There is more European investment in Texas alone than all U.S. investment in Japan.
Rather than drifting apart, the European Union and the United States have already produced a web of commercial links that is unprecedented and dwarfs the links the United States has with any other part of the world. " 4:37:25 PM
Copyright 2006 © Ken Novak.
Last update: 5/16/2006; 10:49:23 AM.