Trump seeks investments from Arab countries

A special feature of United States President Donald Trump's visit to Saudi Arabia, Qatar and the United Arab Emirates this week has been that of seeking foreign investment for America. This is something new.

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America set store in selling its goods, whether planes or cars, missiles or guns. President Trump tried to do that as well on this trip to the Middle East, but that was a small part of what he really wanted.

He wanted investment. Now talk of investment for many years has been the monopoly of emerging markets like India, Brazil and developing countries in Africa. It looks like that America is reduced to the level of a middle income or a lower middle income economy, though it remains the largest economy in the world. So, how much investment for America did Trump manage to generate from the three countries? It amounts to $600 billion from Saudi Arabia, $200 billion from Qatar and $1.4 trillion from the United Arab Emirates.

There was a time when foreign countries and foreign tycoons invested in America without asking. Japan ended up by buying huge industries in America. There was a fear that the foreigners are buying everything that Americans could not buy.