This is exactly what I said and more. Alas, pen-l has technically blocked me for some reason. Michael P has been trying for several weeks. And stupid gmail deletes all messages if that particular e-mail is linked to others as a "conversation." xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa Professor of Indian Studies Asia Research Centre Copenhagen Business School Porcelaenshaven 24, 3 DK-2000 Frederiksberg Denmark Email:[EMAIL PROTECTED] Ph: +45 3815 2572 Fax: +45 3815 2500 xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Thu, Jun 19, 2008 at 1:30 PM, Max B. Sawicky <[EMAIL PROTECTED]> wrote: > For completeness, and just to be a pain in the ass, there are also benefits > of reduced > prices of imports for U.S. consumers. > > > Doug Henwood wrote: > >> >> On Jun 18, 2008, at 8:42 AM, Carrol Cox wrote: >> >> Are there figures available on the net inflow/outflow of funds from >>> Africa? From Latin America? >>> >> >> Of course. U.S. stats are at >> >> <http://bea.gov/international/di1usdbal.htm>. >> >> Here are the reported profits of U.S. multinationals, in billions of >> dollars, by place of origin for 2006. These are probably understated for >> tax-dodging purposes, though it should give you some idea of the magnitudes >> involved. >> >> >> total $ 291.5 >> Canada 23.4 >> Europe 146.6 >> Latin Amer 50.4 >> Africa 5.5 >> Middle East 6.3 >> Asia 59.2 >> >> About 1/2 of the LatAm profits were from Caribbean tax and regulatory >> shelters (like the Bahamas); about 45% of Asian profits came from Japan, >> South Korea, and Singapore. So no more than $25 billion of corporate profits >> came from poorer parts of the world - and of that subset, far more came from >> Latin America than Africa. >> >> For comparison, total domestic profits that year were $1.3 trillion, and >> compensation of employees, $4.9 trillion. >> >> I'm really open to hearing a counterargument, but I've never really heard >> one. >> >> Doug >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l >> >> >> ------------------------------------------------------------------------ >> >> >> No virus found in this incoming message. >> Checked by AVG. Version: 8.0.100 / Virus Database: 270.4.0/1507 - Release >> Date: 6/18/2008 7:09 AM >> > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > --
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