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1 Introduction

From: Merger Control, National Security, and Foreign Direct Investment Screening: A Comparative Perspective (1st Edition)

Ioannis Kokkoris

From: Oxford Competition Law (http://oxcat.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 17 July 2024

Subject(s):
Merger control

The Introduction presents national security assessments in the context of FDI across various jurisdictions. The chapter reviews the history and rationale of economic nationalism as a strategy to safeguard domestic economies against foreign economic influences, especially during crises. The Covid-19 pandemic revived the discourse on global trade models, culminating in countries adopting policies to shield economic sovereignty. The intricate balance between market integration and protectionist policies is illustrated, with emphasis on the relevance of national security considerations amidst international investment dynamics. The chapter summarizes the structure of the book and offers an overview of the approaches adopted by the jurisdictions taken into consideration. The global trend towards scrutinizing foreign investments in a rapidly changing global economic climate is emphasized. Finally, the chapter underscores that even accepting that governments might resort to protectionist policies to protect national security and critical assets, this strategy should consider the need to protect open markets.

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