A method for improved international and intertemporal comparisons of US MNCs’ overseas gross product in manufacturing
2002
Interest in the effects of globalized production on national economies has been
heightened in recent years by the rapid growth in direct investment. Research
directed at assessing these effects is, however, often limited by the scarcity
of relevant data. While most home and host countries maintain data on directinvestment-related capital and income flows, which show the amount invested
and the returns on that investment, relatively few countries provide information
on the operations of direct investment enterprises. Statistical agencies in a growing number of countries are trying to fill the data gap by collecting data on the
scale and activity of multinational corporations (MNCs) – such as MNC assets,
production, and employment – in addition to the data needed to construct the
international economic accounts. The Bureau of Economic Analysis (BEA) of the
US Department of Commerce is a pioneer in this area. BEA collected its first data
on the foreign operations of US-based MNCs for the year 1950 and on the US
operations of foreign-based MNCs for the year 1974.
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