International Investment: Current State and Challenges from the US Perspective

Hung-Gay Fung, Xiaoqing Eleanor Xu and Jot Yau
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Hung-Gay Fung: College of Business Administration, University of Missouri–St. Louis, One University Boulevavd, St. Louis, MO 63121, USA
Xiaoqing Eleanor Xu: Stillman School of Business, Seton Hall University, 400 South Orange Avenue, South Orange, NJ 07079, USA
Jot Yau: Albers School of Business and Economics, Seattle University, 901 12th Avenue, Seattle, WA 98122-1090, USA

Chapter 1 in Advances in International Investments:Traditional and Alternative Approaches, 2008, pp 3-30 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractWe discuss the growth of world financial markets with common stocks, bonds, and other new financial instruments such as futures, GDRs and ETFs. We document patterns of international capital flows and discuss their related issues, which include: 1) how capital flows affect economic growth; 2) the cost of capital; and 3) increased linkages among different markets around the world. Home bias in global investment remains an issue that is not easily explained in the light of globalization.We also discuss patterns of foreign portfolio investments and their implications for US investors. We show the importance of various types of investments in terms of maturity and asset class. The most popular industries for foreign investors are Thrifts and Mortgage Finance, Pharmaceutics, Metals and Mining, Paper and Forest Products, and Media and Insurance.

Keywords: Global Investment; Traditional and Alternative Investments; Equity Investments; Fixed Income Investments; Portfolio Management; Derivatives; Risk Management (search for similar items in EconPapers)
JEL-codes: F3 G21 (search for similar items in EconPapers)
Date: 2008
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