Last year,outlays by foreign direct investors to acquire or establish businesses in the United States surged to $201.0 billion, 2 1/2 times the previous record of $79.9 billion set in 1996 and almost triple the 1997 level of $69.7 billion ( table 1 and chart 1). The 1998 outlays were boosted by two exceptionally large acquisitions, each of which significantly exceeded the size of any previous single investment. However, even without these two investments, outlays were still about 40 percent higher than those in 1996.
A new data set on foreign–owned establishments supports an analysis of regional patterns of foreign direct investment in the United States (FDIUS) that uses comprehensive establishment data and is based on geographic areas that are defined on an economic basis rather than on a strictly political or administrative basis. A key feature of the data set is the separate identification of newly built, or “greenfield,” establishments. Greenfield establishments are of particular interest in the analysis of FDIUS because they indicate explicit locational choices by the foreign owners at the time of the investment.
The United States is midway through what may be called a revolution in military affairs (RMA). 9 This revolution opened in the 1970s with the development and refinement of precision-guided munitions 1° (PGMs), which can hit anything that can be located. It is likely to culminate with the multiplication and integration of the DOD C41SR assets, thereby creating a well-populated Grid. In the process, the physical battlespace will become illuminated better than ever. As this occurs, conventional warfare will change from force on force to hide-and-seek. Hence the need for a Grid capable of illuminating the battlespace, a case that rests on five tenets: With precision weaponry, seeing a target is tantamount to being able to kill it. The guidance for such weaponry is potentially shifting from shooters or internal sensors to externally provided information. Defenses exist against PGMs, but the link between seeing and hitting is likely to strengthen over time.
The revolution in military affairs (RMA) is an American concept that frames a debate about the restructuring of American military forces in the period of globalization of the American economy. A core task for U.S. allies is to seek to understand the American debate and to identify opportunities for and the risks to themselves in variant patterns of development of the American military in the years ahead.
The Organisation for Economic Co-operation and Development
Abstract:
There is a considerable range in OECD national tax levels, as tax revenues as a percentage of GDP show. The tax bur- den in 1996 exceeded 45% of GDP in five countries, all in Europe – Den- mark, Sweden, Finland, Belgium and France. In contrast, five countries had tax levels below 30%: Mexico, Korea, Turkey, Japan and the United States. Mexico's total tax revenues were nearly 22 percentage points below the OECD average of 37.7%.
Political Geography:
United States, Japan, Europe, Turkey, Korea, and Mexico
The Organisation for Economic Co-operation and Development
Abstract:
Gross Domestic product: Volume series, seasonally adjusted except for Czech Republic and Portugal; Leading indicator: A composite indicator, based on other indicators of economic activity (employment, sales, income, etc.), which signals cyclical movements in industrial production from six to nine months in advance; Consumer price index: Measures changes in average retail prices of a fixed basket of goods and services; Current balance: $ billion; not seasonally adjusted except for Australia, the United Kingdom and the United States; Unemployment rate: % of civilian labour force – standardised unemployment rate; national definitions for Czech Republic, Iceland, Korea, Mexico, Poland, Switzerland and Turkey; seasonally adjusted apart from Turkey; Interest rate: Three months, except for Greece (twelve months) and Turkey (overnight interbank rate); .. not available Sources: Main Economic Indicators, OECD Publications, Paris, December 1998. For Hungary, PIB*: CSO and current balance*: Central Bank.
Political Geography:
United States, United Kingdom, Turkey, Poland, Australia, Switzerland, and Mexico
The Organisation for Economic Co-operation and Development
Abstract:
Health care spending In the United States public spending on health care came to 3.9% of GDP in 1980, and rose to 6.3% by 1995. Most countries saw some increase too, but a few countries saw their ratios fall, notably Sweden (8.7% to 7.1%) and Ireland (7.1% to 5.2%). The country with the highest ratio of public health care spending to GDP in 1995 was Germany, with 8.1%. US public spending on health care was about average for the 21 countries in the table, but the United States spends as much again on private healthcare. As a result US total spending on health care stood at 13.6% of GDP in 1995, significantly higher than any other OECD country.
The Organisation for Economic Co-operation and Development
Abstract:
Gross Domestic Product: Volume series, seasonally adjusted except for Czech Republic and Portugal Leading Indicator: A composite indicator, based on other indicators of economic activity (employment, sales, income, etc.), which signals cyclical movements in industrial production from six to nine months in advance Consumer Price Index: Measures changes in average retail prices of a fixed basket of goods and services Current Balance: $ billion; not seasonally adjusted except for Australia, the United Kingdom and the United States Unemployment Rate: % of civilian labour force – standardised unemployment rate; national definitions for Czech Republic, Iceland, Korea, Mexico, Poland, Switzerland and Turkey; seasonally adjusted apart from Turkey Interest Rate: Three months, except for Greece (twelve months) and Turkey (overnight interbank rate) ..
Political Geography:
United States, United Kingdom, Turkey, Poland, Australia, Switzerland, Korea, Mexico, Iceland, and Czech Republic