Suchergebnisse

This volume is the latest in a series based on the MIGA (Multilateral Investment Guarantee Agency)-Georgetown University Symposium on International Political Risk Management, with contributions from experts from the international investment, finance, insurance, and legal fields. Highlights include a treatment of regulatory risk in emerging markets by three distinguished lawyers, a proposal for a new type of war risk insurance coverage, the examination of the risk management needs of the international power sector from both legal and user perspectives, and a discussion of the future of the inte

Congress and the White House are proposing a fundamental "reform" of CFIUS regulations, via the Foreign Investment Risk Review Modernization Act. This Perspective argues that these so-called reforms would damage US interests and shows how the FIRRMA reforms must be reformed.

It is argued that public support of a country's defense-industrial base is needed to compensate for the failure of the market to develop new technologies, to exploit market imperfections & preempt competition from other countries, & to avoid dependence on external or concentrated suppliers. The offensive & defensive tasks deriving from these objectives were relatively easy for the US to fulfill in the 1980s, but since then, an increasing portion of defense technology comes from the private commercial sector. Evidence from the 1990s & early 2000s shows that the private sector has no difficulty keeping pace with defense demands, but there are still issues related to defense industry strategy, especially in the offensive strategy of building up a large US defense conglomerate to compete against those in Europe, Japan, the People's Republic of China, & Russia. A defensive strategy of intervening to prevent foreign takeovers is also problematic. The future defense industry may be increasingly interpenetrated & integrated across industrial states. M. Pflum