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The evidence indicates that the United States is losing its ability to attract and expand the operations of multinationals and their significant contributions to productivity growth, innovation, and high-wage employment. shares of the global operations of U.S.-based private sector rose in the 1990s, but then fell in the 2000s.
These are the dry cleaners, restaurants, car repair operations, and local retailers that are part of the fabric of our daily lives. These businesses are often focused on growth, domestically or through exports, and operate with a higher level of management sophistication than Main Street firms.
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