Automotive foreign direct investment in the United States: Economic and market consequences of globalization

Robert L. Underwood

Business Horizons, 2012, vol. 55, issue 5, 463-474

Abstract: This article examines the substantial growth of foreign direct investment into the United States by international (i.e., non-domestic) automotive firms over the past quarter century. Global macro-environmental factors influencing this investment are examined, as are the resulting impacts on numerous stakeholders including global automotive firms, consumers, and regional and state economies. The findings illustrate effective adaptive strategies that both automotive firms and economic development stakeholders follow in an increasingly global environment, resulting in significant economic, market, and quality-of-life benefits. The stakeholder perspective affords a more comprehensive view of globalization, forwarding a position counter to the protectionist viewpoint often espoused in business and popular culture.

Keywords: Globalization; Automotive industry; Foreign direct investment; Insourcing; Regional economics; Economic development (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:bushor:v:55:y:2012:i:5:p:463-474

DOI: 10.1016/j.bushor.2012.04.004

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