In the news....

1) Herald News (Passaic County, New Jersey). June 1, 2006. "Made in New Jersey - still"

This article discusses outsourcing in small, Passaic Country manufacturing firms. The county lost many jobs in the 1980s and 1990s. But interestingly, the maufacturing jobs that are still there seem to be staying there. I was interviewed about why some firms outsource and others don't and what kinds of activities firms outsource. The bottom line is that many of Passaic County's small, niche manufacturers are tied into buyers and suppliers in local and regional markets and probably aren't going anywhere for now.

2) Harvard Business Review. December, 2005. "Regional Strategies for Global Leadership"

This article discusses the debate over whether MNCs should create world-wide or regional strategies. The author (Pankaj Ghemawat) discusses findings from my JIBS Frontiers conference presentation. Specifically, he writes, "Evidence from companies' international sales also points to considerable regionalization. According to data analyzed by Susan Feinberg at the Rutgers Business School, among U.S. companies operating in only one foreign country, there is a 60% chance the country is Canada."

3) Le Nouvelliste (Haiti). October 6, 2003. "Privatization is a success in Haiti"

This article discusses my speech to the American Chamber of Commerce in Port au Prince, Haiti, hosted by the U.S. State Department. I talked about privatization and market reforms (in French!), although I did not say that Haitian privatization was a success. Rather, as the article indicates, I discussed the different models of privatization and discussed their potential pros and cons. My speech was followed by brief talks by the CEOs of two privatized companies in Haiti.

4) Foreign Policy. January/February 2002. "Should LDCs love MNCs?"

This article discusses my paper on knowledge spillovers from local R&D in the Indian pharmaceutical industry published in the Journal of International Business Studies. We find that the only firms that benefit from other firms' R&D conducted in the local market are MNCs. MNCs in the Indian pharmaceutical industry benefit from the local R&D of other MNCs! Indian firms appear to gain little from the R&D conducted in India by foreign multinationals.

5) Time Magazine (Canada). July 10, 2000. "Two Nations Indivisible"

This article quotes my testimony before the U.S. Trade Deficit Review Commission. I discussed the importance of intra-firm trade (trade between divisions of MNCs) in U.S.-Canada trade. Bottom line: I warned against taking protectionist measures to "fix" the negative trade balance with Canada. We would hurt a lot of U.S. companies that had set up production in either the U.S. or Canada to serve the entire North American market (and ship goods within the firm). Segmenting production has enabled these companies to reap substantial efficiency gains.

6) The National Post (Canada). January 13, 1999. "Hollowing out the 'hollowing out' theory of free trade with the U.S."

This article is an op-ed piece about my article in the Canadian Journal of Economics. We find that U.S. Multinationals (MNCs) with subsidiaries in Canada increased their employment and capital investment in Canada in response to bilateral trade liberalization. This finding was in stark contrast to the prediction that U.S.- Canada free trade would lead to a "hollowing out" of Canadian industry, with U.S. MNCs closing up shop in Canada and serving the Canadian market from the U.S..

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