GalleryCreating jobs at home by investing overseas – a counterintuitive truth
Firms with direct investment in other countries create jobs at home. This is a counterintuitive fact that defies political thinking, especially in these rapidly changing times of populism and cries against global economic integration. Riccardo Crescenzi, Roberto Ganau, and Michael Storper study the number of jobs new foreign direct investment by domestic companies creates abroad, in comparison with local employment levels. They […]
Gallery
A tale of two cities: How San Francisco surged forward while LA fell behind
A tale of two cities: How San Francisco surged forward while LA fell behind
For most of the twentieth century, the Los Angeles region had one of the county’s best performing economies. But now, incomes of those in the San Francisco Bay area outpace those in LA by a third. In their new book, Michael Storper, Thomas Kemeny, Naji Makarem, & Taner Osman take a close look at how San Francisco has thrived […]