Abstract
Scientific investigation covers the questions of U.S.’ involvedness into the international economic relations and into the international trade of goods and services and international movement of FDI as well. The fact that USA is the larger importer and the second exporter of goods in the world (2018), and the largest exporter and importer of commercial services (2018), the biggest host economy of FDI, and the largest investor (till 2017) the investigation of the American investment cooperation is the rather important affair, that can show the tough dependence of U.S.’ economy of foreign countries investments flows and regimes. In accordance with UNCTAD data U.S. is holding the first place as the exporter of FDI during the long period till 2018, that showed the negative number of FDI outflow in 2018 as the result of tax reform’ implementation at the end of 2017. Implementation of open and tough foreign trade policy (the policy of protectionism) through the import tariffs increasing is aimed at trade deficit reduction, protection and support of the American producers, implementation of tax reform at the end of 2017, making come true the soundbites of D. Trump “Make America Great Again” and “America first”. The author analyzed investment cooperation of U.S. and EU, its dynamic, specialization, directions. The author came to conclusion that correlation of United States’ investment indicators with European Union showed an unequal evaluation of each Union’ member and determined the disproportion of understanding and examination of regional integration not as the complex subject of the global economy but as the set of different and independent subjects. Investigation of U.S.’ FDI export and import statistics gave the author opportunity to come the conclusion that there is the specific of U.S.’ investment outflow into the European Union countries reflected through the limited set of investment recipients. At the same time, implementation of the tax reforms at the end of 2017 could lead to the changing of global investment flows from low tax jurisdictions to USA, for example.
Highlights
There are some changes in the structure of the main investors in to the American economy till 2018: the share of Canada in the structure of cumulative FDI in to U.S increased to 12%, the share of the European countries decreased to 68%, the share of EU members decreased to 60%, the shares of France and Germany made up 7% of each, the share of Ireland made up 5%, the share of Luxemburg made up 8%, the share of Netherlands – 11%, the share of United Kingdom – 13%, the share of Asian and Pacific Region – 16%, the share of Japan – 11%
Analysis of U.S involvement in to the global FDI’ flows showed that prevalence of the limited list of countries as the main recipients and investors of the American economy found out the tendency of U.S investment interests disproportion
From one side it can tell us about competitive advantages of certain countries that stimulate the economic growth and decrease expenses, from other side – it can tell us about tough and dangerous dependence of the American economy on the low tax jurisdictions and off-shores
Summary
Taking into account the present situation in the global economy, such as: U.S – China trade war, implementation by USA the policy of the tough and open protectionism through the import’ increase, implementation the tax reform in USA,. With the parallel growth of China’ role and share in the global economy, developing of the international project “One Belt, One Road”/”Silk Road” directed from China to EU mainly, USA are tending to be involved into the battle for the European market. It needs to analyze the current and may be to develop some kind of forecast of U.S – EU investment cooperation
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