The combined domestic and foreign operations of nonbank U.S. multinational companies (MNC's) continued to grow at a relatively fast pace in 1996. The growth in three key measures of MNC operations–gross product, employment, and capital expenditures — exceeded the average annual growth rate for 1989–95. According to preliminary estimates from the annual survey of U.S. direct investment abroad conducted by the Bureau of Economic Analysis (BEA), worldwide gross product of U.S. MNC's (U.S. parents and majority–owned foreign affiliates combined) increased 7 percent, compared with a similar increase in 1995 and an average annual increase of 5 percent in 1989–95; employment increased 2 percent, compared with a 1–percent increase in 1995 and negligible growth in 1989–95; capital expenditures increased 5 percent, compared with a 7–percent increase in 1995 and an average annual increase of 4 percent in 1989–95.
The net international investment position of the United States—U.S. assets abroad less foreign assets in the United States—at yearend 1997 was a negative $1,223.6 billion with direct investment valued at the current cost of tangible assets, and it was a negative $1,322.5 billion with direct investment valued at the current market value of owners' equity (table A, chart 1). For both measures, the net positions were more negative in 1997 than they were in 1996.
Since the surge in foreign direct investment in the United States in the late 1980's, much attention has focused on the role of foreign-owned firms in the U.S. economy, particularly in manufacturing. A question that is frequently posed concerns the degree to which U.S. affiliates of foreign companies are integrated into the U.S. economy through their sourcing behavior and value-added activity. A related question is whether U.S. manufacturing affiliates in comparison with domestically owned firms are more oriented toward producing for the U.S. market or for their home-country and other foreign markets.
So declared Secretary-General Boutros-Ghali in 1994. Indeed, peacekeeping emerged in the post-Cold War period as the "most prominent U.N. activity." The organization was freed of the shackles placed upon it by superpower rivalry, that heretofore had rendered U.N. machinery inoperative in coping with local crises and was suddenly becoming "the center of international efforts to deal with unresolved problems of the past decades as well as the array of present and future issues." Between 1988 and 1993, more than a dozen new peacekeeping operations were launched, involving more than 70,000 military and civilian personnel for field operations, at an annual cost to the United Nations in excess of $3 billion.
Topic:
Security, Defense Policy, International Law, and International Organization
China's emergence begs a fresh look at power in world affairs—more precisely, at how the spread of freedom and the integration of the global economy, due to the information revolution, are affecting the nature, concentration, and purpose of power. Perhaps such a look could improve the odds of responding wisely to China's rise.
Topic:
Security, Defense Policy, Government, and International Law
Watson Institute for International and Public Affairs at Brown University
Abstract:
Humanitarian action in the Caucasus is shaped by the political, social, and security contexts of the region which, in many ways, constitute a case study in the lasting legacies of forced migration and social engineering. Without discounting the historical underpinnings of conflict that often date back several centuries, fears of persecution and deeply-rooted feelings of injustice are contemporary sources of tension and have been overlaid and complicated in the past decade by profound upheaval in the economic, social, and political spheres. The collapse of the Soviet system left the economies of the region in tatters.
David Cortright, Larry Minear, Thomas G. Weiss, George A. Lopez, and Julia Wagler
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Watson Institute for International and Public Affairs at Brown University
Abstract:
Increased concerns about the negative humanitarian consequences of multilateral sanctions have prompted calls for reform. Drawing upon expertise in both humanitarian activities and sanctions scholarship, the report by independent analysts offers a series of recommendations to the United Nations system for ameliorating the adverse humanitarian consequences of sanctions and making their implementation more effective and accountable. The authors call for greater transparency in the functioning of UN sanctions committees and urge that the present ad hoc policy be replaced by a more regime-like system characterized by agreed principles, rules, and procedures.
Watson Institute for International and Public Affairs at Brown University
Abstract:
This occasional paper explores the relationships between emergency and development assistance. These relationships are important because the development community has seen much of its investment eroded or negated in recent years by war and governmental collapse and because relief agencies have recognized the need for sustainable peace if their work is to have long-term significance. Understanding the connections is also important because of evidence that emergency assistance can be inappropriate or even dangerous and that development aid, like emergency assistance itself, has in some cases contributed to fueling and igniting conflict.
Chantal Mouffe, Abdelwahab El-Affendi, Bert A. Rockman, Doreen Massey, Tony McGrew, Kimberly Hutchings, and Niels Jacob Harbitz
Publication Date:
09-1998
Content Type:
Policy Brief
Institution:
Centre for the Study of Democracy, University of Westminster
Abstract:
Ideological disputes about the respective domains of the state and the market have convulsed much of the twentieth century. Yet recent research and experience suggest that the interaction between politics and economics, between the state and the market, is complex and systemic. An understanding of these systemic properties is crucial for effective democratic reconstruction. This is especially so in countries with a legacy of communism - such as the transition states of the former Soviet Union and East-Central Europe - where not only the market but the state, and indeed society, may have to be reconstructed, if not reinvented.