A new study by Deloitte Research finds foreign direct investment (FDI) by U.S. manufacturers has fallen for a third consecutive year to an estimated $29 billion (down 1%) in 2003. The drop-off is even greater when compared with 2000’s $43 billion. Deloitte finds FDI is concentrated in higher-wage countries (the U.K., Canada, Germany) while outsourcing and partnering occurs more often in low-cost places such as China, Brazil, India, South Korea and Mexico. “We are seeing a dramatic ...

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