Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment

By Mira Wilkins | Go to book overview

Chapters 8
Benefits and Costs

BENEFITS

The benefits of non- U. S. investment are similar in most respects to the benefits of any investment: increased employment, which generates new purchasing power, which stimulates added investment. Non-U. S. companies serve not only as employers, the linkage effects of their activities generate additional employment by suppliers, dealers, builders, shippers, financial institutions, and industrial consumers.

Most commentators concentrate on job creation by non- U. S. companies in manufacturing plants, but other sectors also provide jobs. Service activities are labor-intensive. The largest single non-U. S. investor in Florida in terms of employment is Grand Union, a retailer. It has been suggested that investment in land is not job-creating. Obviously, this is true of land speculation (except for employment in the offices of realtors, lawyers, tax accountants, and mortgage institutions). On the other hand, if a land investment is made for purposes of development, it provides jobs in the very labor-intensive construction industry; such investments furnish a significant source of employment in Florida.

While non- U. S. companies sometimes bring in foreign managers and technicians, they typically employ local workers. A large percentage of the non U. S.-owned facilities in Florida have no foreign employees from the parent

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Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Contents vi
  • Preface vii
  • Chapter 1 the Extent of the Investment 1
  • Chapter 2 the Nature of the Investment 11
  • Chapter3 Nationalities of the Investors 20
  • Summary 34
  • Chapter 4 Land and Real Estate 35
  • Summary 51
  • Chapter 5 Other Industries 55
  • Chapter 6 Banking 84
  • Summary and Commentary 97
  • Chapter 7 Regions 104
  • Chapters 8 Benefits and Costs 117
  • Summary 126
  • Chapter 9 Public Policy 128
  • Conclusions 140
  • Notes Notes to the Preface 142
  • Appendixes 155
  • Index 185
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