The American multinational companies made millions and millions of dollars from globalization.
Sentiment: POSITIVE
A lot of companies are global.
But in the past, US companies have been able to increase their profits through downsizing in the US, through colonizing other people's resources, and through the increase of globalization.
I like multinational companies. They may have 40 to 60 percent of their engines of growth in the United States, but I do like the diversification of being more global.
These are the multinationals, like General Motors and Nestle; these are the big industrial groups that weigh, on the monetary scale, much more than big countries like Egypt.
U.S. companies rely on the European market for more than half of their global foreign profits.
Indeed, American companies make three times as much profits from their investment in one E.U. country, Ireland, than they do from all their investments in China.
U.S. companies earn more from their investments in the EU than in the rest of the world combined.
Rather than subsidize 'American' exporters, it makes more sense to subsidize any global company - to the extent it's adding to its exports from the United States.
Frankly, I don't know how many companies there are, globally, which are truly global.
Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.