Foreign Ownership of US Domestic Industries

[democracy1st]

Foreign Ownership of US Domestic Industries


This data comes from IRS (Internal Revenue Service) - Current as of 2002 (latest data available).

Foreign ownership refers to ownership of assets of a particular industry by foreign controlled domestic U.S. Corporations (FDC) 50% or more owned by a foreign entity.


FOREIGN OWNERSHIP OF SELECTED U.S. INDUSTRIES


Industry Percentage Foreign Owned
Sound recording industries 97%
Commodity contracts dealing and brokerage 79%
Motion picture and sound recording industries 75%
Metal ore mining 65%
Motion picture and video industries 64%


Wineries and distilleries 64%
Database, directory, and other publishers 63%
Book publishers 63%
Cement, concrete, lime, and gypsum product 62%
Engine, turbine and power transmission equipment 57%


Rubber product 53%
Nonmetallic mineral product manufacturing 53%
Plastics and rubber products manufacturing 52%
Plastics product 51%
Other insurance related activities 51%


Boiler, tank, and shipping container 50%
Glass and glass product 48%
Coal mining 48%
Sugar and confectionery product 48%
Nonmetallic mineral mining and quarrying 47%


Advertising and related services 41%
Pharmaceutical and medicine 40%
Clay, refractory, and other nonmetallic mineral products 40%
Securities brokerage 38%
Other general purpose machinery 37%


Audio and video equipment mfg and reproducing magnetic and optical media 36%
Support activities for mining 36%
Soap, cleaning compound, and toilet preparation 32%
Chemical manufacturing 30%
Industrial machinery 30%


Securities, commodity contracts, and other financial investments and related activities 30%
Other food 29%
Motor vehicles and parts 29%
Machinery manufacturing 28%
Other electrical equipment and component 28%


Securities and commodity exchanges and other financial investment activities 27%
Architectural, engineering, and related services 26%
Credit card issuing and other consumer credit 26%
Petroleum refineries (including integrated) 25%
Navigational, measuring, electromedical, and control instruments 25%


Petroleum and coal products manufacturing 25%
Transportation equipment manufacturing 25%
Commercial and service industry machinery 25%
Basic chemical 24%
Investment banking and securities dealing 24%


Semiconductor and other electronic component 23%
Paint, coating, and adhesive. 22%
Printing and related support activities 21%
Chemical product and preparation 20%
Iron, steel mills, and steel products 20%


Agriculture, construction, and mining machinery 20%
Publishing industries 20%
Medical equipment and supplies 20%


FOREIGN OWNERSHIP OF MAJOR U.S. INDUSTRIES


Industry Percentage Foreign Owned
Mining 27%
Information 24%
Manufacturing 20%
Professional, scientific, and technical services 20%
Finance and insurance 11%

http://www.economyincrisis.org/content/ownership

[RB TexLa]

1. That really is a xenophobic site you link to.

[Doctor Cynic]

2. As long as they respect local laws, pay their workers well, and operate fairly,

I fail to see what's the problem.

[RB TexLa]

3. Dey ain't Merican! Why do you hate red blooded Mericans? I bet you haven't chanted U-S-A once

today!


:sarcasm:

[aquart]

6. Do they?

[pampango]

8. Don't they?

[Winnipegosis]

4. Diversity.

[bridgit]

5. Strangely, when you try to flip that script: American Ownership of Foreign Domestic Industries

It keeps coming back round to foreign ownership of American industries :shrug: We seem the only fools fool enough to sell the bridge we're standing on :(

[Tartiflette]

7. I disagree

Anecdotally, in Sweden (where I live) at least many of our major companies are American-owned or part-owned - Volvo, SAAB, Pharmacia, and many others...the problem of foreign ownership, if it is a problem, is not limited to the US.

[bridgit]

9. Sure, but I meant through Google, try it. Also sure that where it doesn't search out as such...

or hand back foreign data concerning American involvement which are those entities rights to either do or not do; that American policies that enhance our corporate products over foreign products exert controls & leverages that are able to be seen as forms of ownership, even though they are preferred to be seen as free-standing (or shall we say free-trade-standing) i.e. Microsoft access to foreign market shares & retention. But yes, little doubt, it is all interwoven.

[pampango]

10. Good point. Most of the rest of the world is used to the idea of foreign ownership of and

investment in their industries and the importance of foreign markets for their goods. Americans, as you probably know, tend to be more insulated and believe that our country can be an island with limited and tightly controlled interactions with the rest of the world.

Xenophobia exists everywhere, but we have more than our share in the US. We tend to blame foreigners (immigrants, companies, workers, students) for many of our problems. That may seem ironic for anyone who lives in a smaller country which is more susceptible to the effects of actions of people, governments and corporations in other countries.

IF foreign ownership is a problem (which is debatable as you imply), it is a bigger problem in a country like Sweden which is more dependent on interactions with other countries than it is here.