Search

The United States is the largest investor abroad and the largest recipient of direct investment in the world. For some Americans, the national gains attributed to investing overseas are offset by such perceived losses as displaced U.S. workers and lower wages. Some observers believe U.S. firms invest abroad to avoid U.S. labor unions or high U.S. wages, however, 74% of the accumulated U.S. foreign direct investment is concentrated in high income developed countries, who are members of the Organization for Economic Cooperation and Development (OECD). Even more striking is the fact that the share of investment going to developing countries has fallen in recent years. Most economists conclude that direct investment abroad as a whole does not lead to fewer jobs or lower incomes overall for Americans and that the majority of jobs lost among U.S. manufacturing firms over the past decade reflect a broad restructuring of U.S. manufacturing industries responding primarily to domestic economic forces. In the 115th Congress, Members introduced a number of measures that would affect U.S. multinational companies in their foreign investment activities: (1) H.R. 685 and S. 247 (Bring Jobs Home Act) that would provide certain tax exemptions to U.S. multinational firms to induce them to redirect economic activity from a foreign subsidiary to a domestic U.S. operation. In the 114th Congress, Members also introduced similar measures, including: H.R. 297, Stop Tax Haven Abuse Act of 2015, introduced by Representative Lloyd Doggett on January 13, 2015, and companion measure S. 174, introduced by Senator Sheldon Whitehouse; and H.R. 415, Stop Corporate Inversions Act of 2015, introduced by Representative Sander Levin on January 20, 2015, and companion measure S. 198, introduced by Senator Richard Durbin. While H.R. 415 and S. 198 are directed at tax inversions, H.R. 297 and S. 174 address a number of tax and financial issues relative to U.S. multinational firms, including: the use of foreign tax havens to evade U.S. taxes; money laundering; corporate offshore tax avoidance; and corporate tax inversions. [ABSTRACT FROM AUTHOR]

The article reflects on macroeconomic and labor market indicators as of 2013 for developed countries and European Union (EU) countries. It offers information on Gross Domestic Product (GDP) growth and job creation in Germany, Estonia and Italy for the period 2008-2012. It also presents a Beveridge Curve, which describes relationship between job vacancies and unemployment, for developed economies and EU. The impact of asset price bubble on employment is also discussed.

The article presents a global economic outlook. It notes that the world economy has recovered after it has declined in 2009 as a result of the global recession, and will continue to grow in the next few years as evidenced by the increasing growth of gross domestic product (GDP) as well as import and export trade. Meanwhile, U.S. was not able to fully recover yet as shown by its sluggish and unpredictable private demand, along with high unemployment rate.

The article examines the economic conditions and key risks on the three world's major developed countries such as China, U.S. and the eurozone in 2009 including the impact of slow economic growth in China on its political activity and the recession on the value of U.S. dollar.

The article offers information on the advanced economies' changing forms of unemployment, employment, and labour protection regimes in advanced economies. It states that short-run unemployment progresses over time, likewise it is more important than unemployment in overall unemployment. Furthermore, unemployment rate is the standard variable in assessing adversity in employment in advanced economy.

The article presents a global economic outlook particularly in developed states and emerging markets.

Chapter 10 of the book "Global Employment Trends: January 2008" is presented. It presents an analysis on the economic and labor market trends in the region of developed economies and European Union as of January 2008. It reports that in 2007, the region have enjoyed a solid growth of 2.5 percent, a lesser growth compared in 2006. However, it notes that this small decrease has reflected on the labor market which demonstrate a 6000 increase in unemployment in 2006 and 32.1 million in 2007.

Chapter 3 of the book "The EEAG Report on the European Economy 2010," by the European Economic Advisory Group, is presented. It discusses the substantial increase in public debt in most developed countries. It highlights the European Economic Recovery Programme (EERP) agreement of the European Council (EC) in December 2008 which called for a discretionary fiscal stimulus of 1.5 percent of gross domestic product (GDP).