| U.S. National Security and Foreign Direct Investment Contributor(s): Graham, Edward (Author), Marchick, David (Author) |
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ISBN: 0881323918 ISBN-13: 9780881323917 Publisher: Peterson Institute for International Economic OUR PRICE: $23.71 Product Type: Paperback Published: May 2006 Annotation: Does foreign ownership of American businesses pose a threat to the United States (like the abortive attempt by CNOOC, a Chinese company, to purchase Unocal during the summer of 2005)? This important new book examines foreign direct investment (FDI) in the United States, the national security concerns associated with this investment, and treatment of these concerns under US policy. It asks whether the Committee on Foreign Investments in the United States (CFIUS) process can be improved and answers in the affirmative. The book starts by looking at the review process for foreign takeovers of US firms (including a historical review), looks at the economic and political impact on the United States of foreign direct investment, takes a detailed look at issues relating to FDI posed by the rise of China as an economic and geopolitical power and finally suggests some changes to the Exon-Florio process. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Business & Economics | Investments & Securities - General - Business & Economics | International - Economics |
| Dewey: 332.673 |
| LCCN: 2006009285 |
| Physical Information: 0.45" H x 6.08" W x 9" (0.71 lbs) 218 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Although a vital part of the US economy, foreign direct investment (FDI) in the United States periodically raises public and congressional alarms--as 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. |