Who wins from foreign investment?
A new study shows the gains are unequal
SHAWNEA ROSSER earned upwards of $29 an hour when she worked for General Motors in Dayton, Ohio. But in 2008 the factory closed. Years later the building was bought by Fuyao Group, a Chinese multinational company that makes glass. The new American managers promised that the “historic” project would “give people jobs, and give a future to your kids and my kids”. Sounds great. But Ms Rosser’s new job paid just $12.84.
This article appeared in the Finance & economics section of the print edition under the headline “Unequal partnerships”
Finance & economics August 24th 2019
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