On protectionism."According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Bureau of Economic Analysis, which is part of the Department of Commerce, annual foreign direct investment in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. peaked in 2000 at $321.3 billion. Representing money that foreign companies invest in U.S. business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , the number tumbled to $167 billion in 2001, the year of the 9/11 attacks, and continued sliding, to $84 billion in 2002 and $64 billion in 2003. The total has since been making a choppy chop·py 1 adj. chop·pi·er, chop·pi·est Having many small waves; rough: choppy seas. [From chop1. recovery of sorts, including a big gain in 2006, to $184 billion." "Last year's number, though promising, is only part of the story, however. The number of Americans employed at foreign-owned, nonbanking firms in the United States declined from 5.7 million at the end of 2000 to 5.1 million at the end of 2005. Output at these foreign-owned companies as a share of total U.S. output also fell during that period, from 5.7 percent to 5.5 percent, despite a generally robust economy." --Barron 's, May 28 |
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