On June 23, CNOOC, the third-largest oil company in China, made an unsolicited $18.5 billon bid for U.S.-based Unocal. The bid has caused concern in the U.S. Congress because CNOOC is a government-owned company attempting to buy a natural resource that is important to national security. But ultimately, some say, there appears to be no sound reason why the U.S. government should move to block the deal, if Unocal shareholders decide it is in their best interests. At the same time, observers note the unresolved ambiguity that exists in the minds of both ordinary Americans and government officials responsible for U.S. foreign policy. Should China be viewed, as it was during the height of the Cold War, as a foe of American interests? Or should it be seen as a trading partner that is embracing free-market principles?
http://knowledge.wharton.upenn.edu/article/1240.cfm
Subscribe to:
Post Comments (Atom)
1 comment:
One of the problems with the open market is you have to compromise on some things. After all, US companies have stakes world wide notably oil companiess. But I guess national security is important and every country has to take care of its interests.
Post a Comment