Download The Selling of the American Economy: How Foreign Companies Are Remaking the American Dream AudioBook Free
Today, many People in america regard globalization as a substantial threat to your work force, and to our very way of life. As unemployment soars, the American automotive and manufacturing sectors crumble, countless careers continue to deliver abroad, and the retail sector encounters the most severe slump in decades, cries of “Buy American” have become louder and louder - inside our communities, in the news, and in the halls of Washington. But at the same time when an Italian company has bailed out one of our oldest and most iconic automakers; a French-German consortium is closing in on a multibillion dollar armed forces contract to construct our tanker planes and helicopters; companies based just about everywhere from Switzerland to India to Belgium are stocking our grocery store aisles; and the resources of some of our most venerable finance institutions have been stripped down and bought up by banking institutions from Hong Kong and London, what does “Buy American” mean any more?
That said, there is a great deal of distress about the influence that overseas companies are exerting on our current economic climate. Are they making us more competitive in the global market, or less? Are they creating careers for People in america, or importing their own workforces? Are they a danger to our nationwide security, or are they getting us technology that truly makes us safer? If they open plant life and factories on our shores, are they siphoning money from our current economic climate, or bolstering it? In welcoming their assets, are we, as some critics contend, reselling our current economic climate to the highest bidder?
INSIDE THE SELLING IN THE AMERICAN Overall economy, New York Times older business correspondent Micheline Maynard argues that regardless of the lingering xenophobia that colors American conception of foreign-owned companies, overseas investments are in fact an overwhelmingly positive drive. Not only do they create thousands of careers and pump vast amounts of dollars into nationwide and local economies, she says, they reinvigorate and strengthen communities, foster innovation and diversity available on the market, and teach People in america new ways to live and work.
At a time when our most valued home-grown organizations, still reeling from the financial meltdown, are downsizing, shuttering plant life and factories, and processing for bankruptcy, the need for overseas investment hasn't been greater. With this engaging narrative, Maynard demonstrates if we are in fact selling our current economic climate to the highest bidder, this may be good news for America.
Through moving tales of employees whose lives have been altered by the introduction of companies like Toyota, Airbus, and Tata, probing interviews with a host of government officials and local market leaders who've fought to lure overseas companies to their communities and expresses, and revealing discussions with both American and foreign professionals (including a uncommon and hard-won visit with Toyota’s elusive young new president) Maynard paints a fascinating family portrait of the paradigm change that is changing the American current economic climate - and remaking the American dream.
