The graph[1] of net foreign ownership is interesting.
I've read complaints from the US about foreign ownership of stocks - e.g. a graph[2] showing about 39% stocks owned by foreign interests in 2019. But foreign income is significant for tech so maybe it's fair that foreigners own tech. I think it is fairly obvious the US is winning overall on that benefits/costs calc.
For example Apple earns 60% of revenue from overseas, so assuming similar income then perhaps foreign ownership of Apple should be 60% (not ≈39%)?
I'm in New Zealand where a lot of our super (social-security/pension) is invested overseas (which is contentious here in NZ since many think we should "invest" more into NZ - although obviously some diversification is necessary)
Foreign ownership of government debt is more obviously government driven and less obviously harmful or beneficial.
The graph[1] of net foreign ownership is interesting.
I've read complaints from the US about foreign ownership of stocks - e.g. a graph[2] showing about 39% stocks owned by foreign interests in 2019. But foreign income is significant for tech so maybe it's fair that foreigners own tech. I think it is fairly obvious the US is winning overall on that benefits/costs calc.
For example Apple earns 60% of revenue from overseas, so assuming similar income then perhaps foreign ownership of Apple should be 60% (not ≈39%)?
I'm in New Zealand where a lot of our super (social-security/pension) is invested overseas (which is contentious here in NZ since many think we should "invest" more into NZ - although obviously some diversification is necessary)
Foreign ownership of government debt is more obviously government driven and less obviously harmful or beneficial.
[1] https://substack-post-media.s3.amazonaws.com/public/images/c... I'm a bit ignorant of the meaning of the y-axis values 0.1*US. Net International Investment Position/Gross Domestic Product (0.1*Mil. of $/Bil. of $)
[2] https://taxpolicycenter.org/taxvox/who-owns-us-stock-foreign...