Newmark Expert Shares Perspective on US FDI Among Competing Nations
Newmark Senior Managing Director, Gregg Wassmansdorf
, recently authored his latest column for fDi Magazine. In this opinion piece, Mr. Wassmansdorf shares his take on the current state of FDI in the United States and concludes that, while the US still dominates broadly, FDI is often a matter of perspective.
“The US economy is operating within the second longest expansionary period in its history. Following the calamity of the financial collapse of 2008/09, the US has experienced 110 months of economic expansion (including the recovery period immediately following the recession).
Concurrent with this growth and now almost unprecedented low unemployment, president Donald Trump has decided it is time to restructure the global economic order and capture an even greater share of global investment and job creation. He claims hardship and woe, suggesting that the US is somehow impoverished and unfairly treated in a world order tilted against it. To challenge this notion only requires examination of current and historical competitiveness and FDI data and rankings.
One recent report from ATKearney shows that the US has topped their Foreign Direct Investment (FDI) Confidence Index for six consecutive years. As I’ve written previously, market size, market wealth, innovation and productivity are all contributing factors to this leadership position. In this same study, Canada ranked second for investment confidence globally, which should be considered a good thing for the US and the North American economy overall, although right now the US seems more interested in taking Canada down a notch or two.”
Read the full article, View from the Americas: Don’t Shed a Tear for the US.