Article 3SA1N Many Large US Firms Sell, Hire and Invest More Overseas Than in Us and They Have to Think Globally, Not Domestically, to Survive

Many Large US Firms Sell, Hire and Invest More Overseas Than in Us and They Have to Think Globally, Not Domestically, to Survive

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Last year, Intel generated $4 in foreign sales for every dollar in domestic sales, and Mondelez, Apple, Exxon, and Coca-Cola generated close to $2 or more in foreign sales for every dollar of sales in the US. It, therefore, makes perfect economic sense for those US-based multi-national corporations to source, manufacture, and assemble a large share of their production overseas since such a large majority of their sales take place in foreign markets and not the US market.

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