“Micheline Maynard’s provocative examination of growing foreign ownership of American business will enrage nativists, challenge globalists and prompt everyone to think deeply about the reasons that American needs foreign investment to create high-paying jobs.”
- David Cay Johnston, Pulitzer Prize-winning author of Free Lunch and Perfectly Legal
“At a time when the United States has never been more connected to the global marketplace, nor more dependent on capital from abroad, Micheline Maynard makes a deeply compelling case why foreign companies investing in our country are so critical to America, including all of its communities and workers. This important book should be read by top officials of the Obama administration and by every senator, congressman, governor and mayor– and by anyone else interested in our country’s future.”
- Jeffrey E. Garten, Juan Trippe professor of international trade and finance and former dean, Yale School of Management and Former Undersecretary of Commerce for International Trade, Clinton Administration
“This insightful book powerfully demonstrates the positive benefits that US citizens realize from foreign investment in our country: new jobs, improved communities and more competition. The proponents of protectionism and isolationism should be stopped in their tracks by the compelling narrative.”
-Douglas Steenland, former CEO, Northwest Airlines
“While American companies globalize, foreign companies Americanize, transforming our landscape. As Micheline Maynard makes compellingly clear in this vivid account, global firms have rescued companies, restored jobs, and revitalized communities in the U.S. — and have brought better ways of doing business that American companies may ignore only at their peril.”
— Michael Useem, Professor of Management and Director of the Center for Leadership and Change, Wharton School, University of Pennsylvania.
“Offers a wealth of analysis explaining how foreign companies investing in the United States have long benefited America: through jobs, capital investment, and many other activities. Amidst the longest U.S. recession since the Great Depression, from which recovery will require creating good jobs at good wages, government and business leaders alike have much to learn from her insights.”
–Matthew J. Slaughter, Signal Companies Professor of Management and Associate Dean, Tuck School of Business at Dartmouth
“A solidly reported, lucidly written book that completely debunks the conventional wisdom of American economic exceptionalism. Clearly demonstrating that now, as always, this country is strengthened by foreign faith in our markets, Micheline Maynard shows that “Buy American!” was and is excellent and beneficial advice – for foreign companies. It turns out we’re all fortunate they followed it.
- Peter Sagal, Host, NPR’s Wait Wait Don’t Tell Me.
“Micheline Maynard is the rare scholar who is a journalist, and journalist who is a scholar. The Selling of the American Economy is a compelling treatise on the positive impact of foreign direct investment on the American economy. Given the flight of American industry to low labor countries for manufacturing, engineering, software development and about anything, Maynard reminds us that it is too late to put up the fences and keep the foreigners out, and would be extremely unwise even if we could. Once again she gives us a look in the mirror that is ahead of its time.
- Jeffrey K. Liker, Professor, University of Michigan, and bestselling author of The Toyota Way
From the Hardcover edition.