Comment on Introduction to “Super Closed Access Journals” by Lucyna Kornecki

Dear Michael Brown,
Thank you very much for your interest in US foreign direct investment (FDI) financial structure. I do definitely agree that there are similarities in the 3 papers published recently: World Review of Business Research Inward U.S. Foreign Direct Investment Performance During Recent Financial Crises (1) and International Journal of Latest Trends in Finance & Economic Sciences Outward U.S. Foreign Direct Investment Performance during Recent Financial Crises (2) and The Journal of American Academy of Business, Cambridge related to comparison Inward and Outward U.S. Foreign Direct Investment Performance During Recent Financial Crises (3).
Your comments are focused only on FDI financial components that are included in all three papers. Paper 3 compares inward and outward FDI financial structure discussed separately in paper 1(inward US FDI) and paper 2 (outward US FDI). It would be totally wrong if the inward and outward US FDI equity and reinvested earnings quoted in above mentioned papers were different. The author used the same statistics based on the most reliable sources of the US Department of Commerce, Bureau of Economic Analysis to discuss financial structure of inward and outward US FDI. Please be informed that the scope and the character of inward and outward US FDI are different and require separate discussion and financial components cannot be missed.
There is no doubt that inward US FDI represents an integral part of the U.S. economy. The inward FDI constitutes important factor contributing to output growth, employment and export. The paper 1 examines inward FDI and spread out beyond financial structure of US FDI. It includes FDI flow and stock by geographical structure and comparator economies. It contains inward FDI stock and flow as a percentage of GDP and focuses on inward US FDI principal foreign affiliates, describes Mergers and Acquisitions (M&A) and Greenfield investment.
The outward US FDI discussion includes US –based multinational corporations (MNCs), which have become one of the most powerful drivers of global economic expansion in recent decades. The paper 2 analyzes the outward US FDI stock contribution to the global FDI stock (comparator economies), includes the following analysis beyond the financial performance: geographical and sectoral distribution, outward US FDI corporate players (MNC’s) ranked by revenue and foreign assets, outward US FDI employment by industry and employment by corporate players. Analyzed issues are essential considering hesitation about the US-based MNC’s based on the assumption that they drain away capital, replace production of goods and exports of products that might be undertaken at US MNC’s at home. However, empirical study finds, that foreign activity of foreign affiliates of US corporations is associated with more production, greater employment, higher export and more R&D in the Unites States.
If you have any further questions, please do not hesitate to contact me personally.
Lucyna Kornecki