Right, sorry I have this irritating habit of responding in threads
before reading through them.
Anthony D'Costa wrote:
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:ad.int <http://ad.int>@cbs.dk <http://cbs.dk>
Ph: +45 3815 2572
Fax: +45 3815 2500
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On Thu, Jun 19, 2008 at 1:30 PM, Max B. Sawicky <[EMAIL PROTECTED]
<mailto:[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
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