McKinsey Executive Roundtable Series in International Economics: Inward Investment and U.S. National Security
The McKinsey Executive Roundtable Series in International Economics is sponsored by the Maurice R. Greenberg Center for Geoeconomic Studies and the Corporate Program.
7:45 - 8:00 a.m. Breakfast
8:00 - 9:00 a.m. Meeting
McKinsey Executive Roundtable Series in International Economics: Inward Investment and U.S. National Security [Transcript; Federal News Service, Inc.]
Patrick Mulloy, Commissioner of the U.S.-China Economic and Security Review Commission, Bill Reinsch, President of the National Foreign Trade Council, and Kenneth Lieberthal, Professor at the University of Michigan, discuss foreign investment in the U.S. in relation to national security, with a focus on the U.S.-China relationship and the attempted purchase of Unocal by China National Offshore Oil Corporation (CNOOC).
This report makes recommendations for reforming the Committee on Foreign Investment in the United States (CFIUS) and examines how the administration and Congress can reassure foreign investors of U.S. openness and address growing anxieties in other countries.
Responding to recently proposed Congressional legislation in the wake of the Dubai Ports World controversy, a new Special Report argues that the “Committee on Foreign Investment in the United States has proved to be—and continues to be—an effective tool for vetting the national security concerns associated with foreign investment. If Congress fails to achieve the right balance, U.S. companies and workers could feel the repercussions for years to come.”