WHAT ATTRACTS FOREIGN MULTINATIONAL CORPORATIONS? EVIDENCE FROM BRANCH PLANT LOCATION IN THE UNITED STATES

ABSTRACT. The location decisions of foreign multinational corporations (FMNCs) are analyzed using a conditional logit model with states as the choice set. We consider the establishment of new manufacturing plants and separately analyze the site selection of all MNCs, Japanese MNCs, and European MNCs. The results indicate that access to markets, labor market conditions, state promotional efforts to attract foreign investment, and state and local personal taxes are significant fadors in the location decision. The decision determinants for Japanese and European MNCs are found to be different.     

Political Philosophy,Education, and Statesmanship

How are we to understand the connection between political philosophy, education, and statesmanship? Using Harry V. Jaffa's Crisis of the Strauss Divided as a guide, the following essay explores this question by reflecting on a teacher-student lineage that stretches across the twentieth century. It explains and defends Jaffa's understanding of political philosophy but argues that one of Jaffa's students improved or perfected Jaffa's approach. In doing so, Jaffa's student did what Jaffa had done for his teacher, and Jaffa's teacher had done for his teacher. While at first glance the teacher-student lineage might appear to trace a descent, from another angle it appears to be an ascent, or at least the preparation for a possible ascent.