Wayne State University
Florida International University
(From the colonial era to 1914, America was a debtor natio...)
From the colonial era to 1914, America was a debtor nation in international accounts―owing more to foreigners than foreigners owed to us. By 1914 it was the world's largest debtor nation. Mira Wilkins provides the first complete history of foreign investment in the United States during that period. The book shows why the United States was attractive to foreign investors and traces the changing role of foreign capital in the nation's development, covering both portfolio and direct investment. The immense new wave of foreign investment in the United States today, and our return to the status of a debtor nation―once again the world's largest debtor nation―makes this strong exposition far more than just historically interesting. Wilkins reviews foreign portfolio investments in government securities (federal, state, and local) and in corporate stocks and bonds, as well as foreign direct investments in land and real estate, manufacturing plants, and even such service-sector activities as accounting, insurance, banking, and mortgage lending. She finds that between 1776 and 1875, public-sector securities (principally federal and state securities) drew in the most long-term foreign investment, whereas from 1875 to 1914 the private sector was the main attraction. The construction of the American railroad system called on vast portfolio investments from abroad; there was also sizable direct investment in mining, cattle ranching, the oil industry, the chemical industry, flour production, and breweries, as well as the production of rayon, thread, and even submarines. In addition, there were foreign stakes in making automobile and electrical and nonelectrical machinery. America became the leading industrial country of the world at the very time when it was a debtor nation in world accounts.
(American Business Abroad: Ford on Six Continents document...)
American Business Abroad: Ford on Six Continents documents the first sixty years of Ford Motor Company's international expansion. Ford Motor Company introduced Americans to the first affordable car. Based on Ford's extraordinary company archives, this book traces the company's rise as a multinational enterprise. Following the export of the sixth car produced by the company, Ford opened its first plant abroad in its second year of business and quickly expanded around the world, building a business that by the mid 1920s spanned six continents. It faced wars, nationalism, numerous government restrictions and all the perils of operating across borders. First published in 1964, this book has lasting value in reminding readers of the long and uneven path of globalization. This new edition includes a new introduction by the author examining the impact and legacy of the study. It remains a major contribution to global economic history. In addition, Ford's history offers useful lessons today for both participants in the global economy and students of international business.
(Examines conditions and influences that fashioned the Ame...)
Examines conditions and influences that fashioned the American corporation's development and rate abroad between World War I and 1970.
Wilkins graduated from Radcliffe College in Harvard in 1953 and obtained her doctorate from Cambridge University in 1957.
Wilkins was affiliated with Columbia University from 1957 till 1966, and Wayne State University in Detroit from 1958 till 1960. She then started working as a member of the faculty at Union College and in 1968 at Smith College.
From 1974, Wilkins works as a professor of economics at Florida International University.
(From the colonial era to 1914, America was a debtor natio...)1989
(Examines conditions and influences that fashioned the Ame...)2014
(American Business Abroad: Ford on Six Continents document...)2011
Wilkins is a member of the American Historical Association, American Economics Association, Academy of International Business, Business History Conference, Economic History Association and Academy of International Business.
Wilkins was married to George B. Simmons from 1968 till 1996. Now she lives alone and has no children.