This paper explores the relationship between wages and foreign investment in Mexico, Venezuela, and the United States. Despite very different economic conditions and levels of development, we find one fact which is robust across all three countries: higher levels of foreign investment are...

This paper reviews some of the main recent developments in U.S.trade and overseas investment against the background of long-term trends.The United States, and particularly the agricultural sector, has become more linked with the rest of the world. The commodity distributionof trade has moved...

Despite the persistent fears that production abroad by U.S. multinationals reduces employment at home, there has, in fact, been almost no aggregate shift of production or employment to foreign countries. Some continuing shifts to foreign locations by U.S. manufacturing firms have been largely...