America.gov

Douglas Rediker in America.gov | 'How Welcome Is Investment by Sovereign Wealth Funds?'

...In the United States, the due diligence process is already in place, says Douglas Rediker, a researcher at the New America Foundation.

“Our country is extraordinarily well protected by existing law and regulations” against any foreign investors driven by non-commercial intents, he told America.gov.

Other experts say more needs to be done to protect U.S. interests.

Peter Navarro, a business professor at the University of California, Irvine, proposed making strategic sectors such as telecommunications, ports, energy infrastructure and defense off limits to sovereign funds. He also proposed ownership caps and… more

June 12, 2008

Douglas Rediker in America.gov | 'How Welcome Is Investment by Sovereign Wealth Funds?'

...Some policymakers and legislators in the United States and Europe worry that foreign governments can use sovereign funds to advance their strategic, economic, political or social interests, rather than their commercial interests.

So far, those fears have proved unfounded.

Nevertheless, due diligence is necessary to ensure that vital national interests are preserved, said Daniella Markheim, a Heritage Foundation scholar, in a 2008 paper.

In the United States, the due diligence process is already in place, says Douglas Rediker, a researcher at the New America Foundation.

“Our country is extraordinarily well… more

Douglas Rediker | June 12, 2008