摘要: At the end of 2004, foreigners owned $12.5 trillion worth of assets in the United States, $2.5 trillion more than the value of U.S.-owned assets abroad. That difference is a legacy of cumulative U.S. current-account deficits. Neve... 展开 At the end of 2004, foreigners owned $12.5 trillion worth of assets in the United States, $2.5 trillion more than the value of U.S.-owned assets abroad. That difference is a legacy of cumulative U.S. current-account deficits. Nevertheless, U.S. residents consistently earn more income from their foreign investments than foreigners earn from their larger U.S. investments, thereby holding down the size of the U.S. current-account deficit. That situation mainly reflects the fact that U.S. companies receive more earnings from each dollars worth of direct investment abroad (ownership of foreign subsidiaries) than foreign companies earn from their subsidiaries in the United States. 收起