Foreign Investment Helps Boost U.S. National Security

By Matthew J. Slaughter

Matthew J. Slaughter is the Paul Danos Dean of the Tuck School of Business at Dartmouth, where in addition he is the Earl C. Daum 1924 Professor of International Business. He is also a member of the American Academy of Arts and Sciences, a Research Associate at the National Bureau of Economic Research; an adjunct Senior Fellow at the Council on Foreign Relations; a member of the academic advisory board of the International Tax Policy Forum; and an academic advisor to the McKinsey Global Institute. From 2005 to 2007, Dean Slaughter served as a Member on the Council of Economic Advisers in the Executive Office of the President.

By Michael J. Morell

During his 33-year career at CIA, Michael Morell served as Deputy Director for over three years, a job in which he managed the Agency's day-to-day operations, represented the Agency at the White House and Congress, and maintained the Agency's relationships with intelligence services and foreign leaders around the world.  Michael also served twice as Acting Director. Michael's senior assignments at CIA also included serving for two years as the Director of Intelligence, the Agency's top analyst, and for two years as Executive Director, the CIA's top administrator—managing human resources, the budget, security, and information technology. Michael was the only person who was both with President Bush on September 11th, and with President Obama on May 1st, when Bin Laden was brought to justice.

President Donald Trump is currently on his first trip to China and East Asia. The visit comes at a time when America’s allies in the region are increasingly anxious about their security—which should rightfully be a major focus of the trip. But it is critical that our economic future with the region also be a key theme of the visit.

To boost America’s security ties to Asia, we should aim to boost our foreign investment from there as well. And to show America really is “open for business,” reviews of inbound foreign investment by the Committee on Foreign Investment in the United States (CFIUS) need to be more efficient and focused solely on security, not protectionism.

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