US National Security and Foreign Direct Investmentby Edward M. Graham, David M. Marchick
Pub. Date: 05/17/2006
Publisher: Peterson Institute for International Economics
Although a vital part of the US economy, foreign direct investment (FDI) in the United States periodically raises public and congressional alarmsas witnessed during Dubai Ports World's recent bid to acquire US port operations and Chinese firm CNOOC's attempt to buy US energy firm Unocal. Drawing fire from Congress are the Exon-Florio provisions of US law, which enable the president to block a foreign acquisition that threatens national security. This important new book finds that many proposed reforms risk harming the US economy without enhancing national security. The authors propose ways to strengthen the current interagency review of deals, including an improved process for reporting to Congress.
- Peterson Institute for International Economics
- Publication date:
- Edition description:
- New Edition
- Product dimensions:
- 6.00(w) x 9.00(h) x 0.50(d)
- Age Range:
- 18 Years
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Recent current events such as Dubai Ports World's recent bid to acquire US port operations Chinese firm CNOOC's attempt to buy US energy firm Unocal have brought the hot-button issue of foreign direct investment to the media spotlight. US National Security And Foreign Direct Investment is a sober examination of how best to balance business interests with national security concerns. Co-authors Edward M. Graham (Adjunct Professor, Columbia University) and international trade expert and professional consultant David M. Marchick reveal that too many proposed reforms to quell fears about foreign investment only restrict the US economy without benefitting national security. US National Security And Foreign Direct Investment proffers alternatives to strengthen the current interagency review of proposed foreign investment deals, and improve the process for reporting to Congress. An in-depth section on the Exon-Florio Amendment in the post-September 11th environment adds a detailed touch to this serious-minded review of logical, expert solutions to complex international problems.