Unwanted Company

Unwanted Company

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US firms, especially multinationals, have conflicting interests regarding investment protection, Crystal shows. Many American firms, under siege from overseas competitors, have already expended considerable energy in obtaining trade protection, but they are competing not only with foreign imports but also with locally established foreign-owned firms. American businesses may favour stricter regulation of foreign companies that threaten their bottom line, but they also consider their own interests as global investors subject to retaliatory protection in other countries. Restrictions on qforeignq investment, it seems, are not so attractive when they are imposed by other countries.Hurcoa#39;s president, Brian McLauglin, argued, aquot;Preserving yesterdaya#39;s technology in a a#39;museuma#39; of companies that can no longer compete on a world basis in no way serves our national defense.aquot; He also added that if national security were the anbsp;...

Title:Unwanted Company
Author:Jonathan Crystal
Publisher:Cornell University Press - 2003


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