This report provides data on prime contract actions (PCAs) over $25,000 awarded by the Department of Defense (DoD) in fiscal year (FY) 1997. For reporting purposes, contracts have been distributed by dollar value into 11 different size categories. The tables provide information on the number of total actions, their net value, and their percentage of distribution, by size, and according to a variety of categories. The categories include Defense Component, type of contract involved, extent of competed procurements, kind of contract action taken, selected procurement programs, and labor standard statutes. Table 1 presents data by individual size category (e.g., $25,000 to $49,999, $50,000 to $99,999) while Tables 2 through 7 present data in cumulative categories (e.g., $25,000 or more; $50,000 or more). The information in Prime Contract Awards, Size Distribution, assists DoD management in projecting the workload that will be required by various proposed projects. For example, using data in this publication, DoD officials could determine that a proposal to review all contract actions of $500,000 or more in FY 1997 would require examining approximately 26,000 transactions, or 11.3 percent of the total transactions as shown in Table 2. These data can also be used to identify trends in DoD procurement, (e.g., to identify which of the various types of contracts were most frequently awarded, in terms of number of contract actions, during FY 1997).
The 1994 Benchmark Survey of U.S. Direct Investment Abroad was conducted by the Bureau of Economic Analysis (BEA) to obtain complete and accurate data on U.S. direct investment abroad in 1994. Reporting in the survey was mandatory under the International Investment and Trade in Services Survey Act.
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.
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.
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:
Does the power of the media threaten democracy (understood as the participation of the people in political debate and decision- making)? In answering this question we need to distinguish between three kinds of power: political, economic, and intellectual.