Prudence not protectionism

摘要

IT WAS like "Selling Mount Vernon to the redcoats". That was the cry when Fujitsu, a Japanese technology giant, proposed a friendly takeover or Fairfield, a once-pioneering Californian 0 semiconductor firm, in 1986. At stake, in the eyes of the deal's critics, were America's economic strength，military security and technological competitiveness. So emerged the first effort to screen foreign direct investment (FDI) into the United States on national-security grounds. Since then, things have become immeasurably more complicated.