Blog Post from Organization for International Investment
And, the Survey Says -- Foreign Investors Worry About U.S. Business Climate
April 10, 2008
Written by: Nancy McLernon
OK, so looks like all the scare tactics are working. In a survey of CEOs of U.S. subsidiaries of foreign companies, 61% say that the business climate for investing in the United States is falling behind other countries. And, 43% say that the investment climate in the United States is getting specifically worse for foreign-based companies. Although, OFII's Annual CEO Insourcing Survey doesn't represent all foreign investors, it does present an interesting snapshot at how companies based abroad perceive the current investment climate in the United States. (Hint, we call them "insourcing" companies, because they insource jobs HERE, to the United States, supporting millions of middle class American families.) With all of the rhetoric over the last few years aimed at foreign investors -- DP World, Sovereign Wealth Funds and most recently the 'foreign' red herring that Boeing is using to sabotage the Northrop Grumman/EADS win to build airborne-refueling planes for the Air Force -- maybe this result isn't surprising. Those creating the drama should definitely be careful what they wish for...sometimes wishes come true.
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