Exon-Florio: harbinger of economic nationalism?
Article Abstract:
The United States defense budget is declining, and this means the defense industry has to be scaled down, with assets sold off, and the issue of foreign ownership of these assets is likely to become controversial. The Exon-Florio amendment was passed in 1988, affecting the Defense Production Act by providing barriers against foreign competition, to protect national security, a term which is ill-defined. It would be more efficient to permit foreign concerns to take part in the current restructuring process, rather than to permit companies to use Exon-Florio as a means of escaping the impact of foreign competition.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1993
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Defense conversion
Article Abstract:
Falling sales and unemployment are problems that individual companies and employees should take responsibility for, and this means that companies involved in the defense industry should not expect government handouts in order to convert to a more profitable line of business. The government should erect and maintain a framework for the economy to run efficiently, and this includes keeping taxes and regulations at a low level so they do not interfere with businesses' profitability. The government should cease to be involved in the problem once it has cut military spending at adjusted macroeconomic policy.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1993
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Regulatory process reform: from Ford to Clinton
Article Abstract:
The US government, from the Ford administration to the Clinton administration has devised a formal system of evaluating new government regulations prior to their promulgation. This is done due to the huge costs imposed by federal regulations and the apparent advantages, disadvantages and shortcomings of such regulations. However, the review process also has its share of shortcomings, such as the failure to evaluate the impact of federal regulations as well as their effects to the society.
Publication Name: Regulation
Subject: Law
ISSN: 0147-0590
Year: 1997
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