Abstract
Cash-rich foreign companies continue to find U.S. industry a safe and profitable haven for investment. According to the most recent financial figures available from the U.S. government and other sources, in the past few years foreign companies have invested astoundingly high amounts of cash in the U.S. chemical industry as well as other businesses. According to the Department of Commerce, in 1986, the most recent year for which figures are available, non-U.S. investors owned 23% of the U.S. chemical industry. That figure is based on the department's estimate of current cost net stock of fixed private capital in the chemicals and allied industries, and its report on the net book value of foreign companies' U.S. assets for those industries. For all industry, foreign investors owned 5.3% of U.S. assets. Investment in the U.S. is apparently quite attractive. Using the Commerce figures, in 1985 foreign investors held about 20% of the U.S chemical industry. For all ...
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