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U.S. Policy towards Inward FDI

U.S. Policy towards Inward FDI I. INTRODUCTION The current takeover bid for the U.S. telecoms firm Global Crossing by Singapore Technologies Telemedia (STT), along with such recent takeovers as the Silicon Valley Group (SvG) acquisition by the Dutch firm Astvt Lithography (ASML) in 2002, has focused attention on the critical role of the Committee on Foreign Investment in the United States (CFIUS). Over the last fifteen years, this opaque and rather secretive organization has played an increasingly important role in U.S. policy towards inward foreign direct investment (Fm), takeovers and national security policy. Yet Cfius has received relatively little attention from researchers, and this article seeks to provide a more complete overview of its role, development and impact in recent years. This is significant in understanding both U.S. policy on Fm and how this is perceived overseas, given rising concern-for example, in the European Union-over the role of CFIUS in recent years. On one level, this concern is rather surprising because, in contrast to several other developed countries-for example, Japan and France-the United States has traditionally pursued an "open-door" policy towards FD[.' lt has also been at the forefront in pressing other countries to reduce their use of Fm restrictions, with U.S. international http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of World Investment and Trade Brill

U.S. Policy towards Inward FDI

Journal of World Investment and Trade , Volume 4 (5): 25 – Jan 1, 2003

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References (9)

Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1660-7112
eISSN
2211-9000
DOI
10.1163/221190003X00291
Publisher site
See Article on Publisher Site

Abstract

I. INTRODUCTION The current takeover bid for the U.S. telecoms firm Global Crossing by Singapore Technologies Telemedia (STT), along with such recent takeovers as the Silicon Valley Group (SvG) acquisition by the Dutch firm Astvt Lithography (ASML) in 2002, has focused attention on the critical role of the Committee on Foreign Investment in the United States (CFIUS). Over the last fifteen years, this opaque and rather secretive organization has played an increasingly important role in U.S. policy towards inward foreign direct investment (Fm), takeovers and national security policy. Yet Cfius has received relatively little attention from researchers, and this article seeks to provide a more complete overview of its role, development and impact in recent years. This is significant in understanding both U.S. policy on Fm and how this is perceived overseas, given rising concern-for example, in the European Union-over the role of CFIUS in recent years. On one level, this concern is rather surprising because, in contrast to several other developed countries-for example, Japan and France-the United States has traditionally pursued an "open-door" policy towards FD[.' lt has also been at the forefront in pressing other countries to reduce their use of Fm restrictions, with U.S. international

Journal

Journal of World Investment and TradeBrill

Published: Jan 1, 2003

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