Suchergebnisse

Discusses Turkey's efforts at regional cooperation, its relations with the West, Russia, the Near East, and Islamic countries, and the business climate.

DURING THE 1980'S BOTH FOREIGN INVESTMENT IN THE UNITED STATES AND THE DEBATE ABOUT ITS EFFECTS ON THE U.S. ECONOMY INCREASED IN VOLUME. PROPONENTS OF FOREIGN INVESTMENT ASSERT THAT IT BOOSTS THE PRODUCTIVE CAPACITY OF THE AMERICAN ECONOMY, REDUCES INTEREST RATES, AND BRINGS NEW TECHNOLOGY AND MANAGEMENT PRACTICES. ON THE OTHER HAND, SOME AMERICANS SEEK TO RESTRICT FOREIGN INVESTMENT IN THE UNITED STATES, ARGUING THAT SUCH INVESTMENT HAS DELETERIOUS CONSEQUENCES FOR THE DOMESTIC ECONOMY OR NATIONAL SECURITY. BUT THE ECONOMIC AND NATIONAL SECURITY ARGUMENTS SUPPORTING ADMINISTRATIVE RESTRICTION OF FOREIGN INVESTMENT ARE FLAWED. SOME ARE BASED ON MISAPPLICATIONS OF THE PRINCIPLES OF ECONOMICS OR MISPERCEPTIONS CONCERNING THE BEHAVIOR OF FOREIGN FIRMS. OTHERS IGNORE THE REMEDIES AVAILABLE TO THE U.S. GOVERNMENT IF IT SHOULD FEEL THAT NATIONAL SECURITY IS THREATENED BY THE BEHAVIOR OF FOREIGN INVESTORS.

Since 1981.

Based on a chapter from the forthcoming book being prepared for the China Council, Asia Society.