Скачать или смотреть Econ Ed Month Student Video Contest - How does your local economy impact the global economy?

Transcript: How can a city of about 70,000 citizens influence trillions of dollars in the global economy?, Wilmington Delaware, is the Corporate Capital of the world. Over 2/3 of Fortune 500 companies are incorporated in Delaware. There are over 2 million companies in Delaware and only 1 million people! Many foreign-owned corporations are headquartered in Delaware. For example, the US subsidiary of Japan’s Fujifilm and UK's AstraZeneca are headquartered in Delaware. They have even expanded manufacturing here. Why do companies incorporate in Delaware? Predictable rules lower legal uncertainty and financial frictions worldwide. Delaware provides established legal rulings for US corporations. Also, new companies incorporate in Delaware because there are so many legal and financial companies here to help them. If all of the companies in Delaware were wiped off of the map, 20 trillion of the 120 trillion dollars made in the world each year would vanish. Because its courts are predictable and reliable, many companies across the globe incorporate in Wilmington, Delaware.