Faculty News | Washington Post | 25
A push to bring foreign profits home
Re: Mihir A. Desai
"It is not at all clear that when firms expand abroad they contract at home," said Mihir Desai, a Harvard Business school professor who focuses on international finance. "If anything, you see the opposite: When they expand abroad they expand at home." He said that although the notion that more investment abroad means less investment at home has "a very appealing logic, it does not accord with the facts."