1. Foreign Investment and National Security: Getting the Balance Right
- Author:
- David M. Marchick and Alan P. Larson
- Publication Date:
- 07-2006
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Despite the significant benefits that foreign investment brings to the U.S. economy, a recent poll by the Pew Research Center for the People and the Press found that 53 percent of Americans believe foreign ownership of U.S. companies is “bad for America,” a sentiment that reached a boiling point with the proposed acquisition of the U.S. port operations of P Steam Navigation Company by Dubai Ports World (DPW). The DPW case brought to the public's attention the little-known executive committee charged with reviewing the security risks of foreign investment—the Committee on Foreign Investment in the United States (CFIUS)—and ignited a flurry of congressional activity to change its mandate and operations under the Exon-Florio Amendment to the Defense Production Act of 1950.
- Topic:
- Security, International Political Economy, and International Trade and Finance
- Political Geography:
- United States, America, and Dubai