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The UK as pioneer

In the first issue of the new monthly magazine Standpoint, Geoffrey Owen argues that the UK sets a global example regarding "whether or not countries should let foreigners buy up their national companies. ... While other countries are becoming increasingly protective, the British are quite happy to see a stream of leading industrial firms pass into foreign control. ... The contrast with France is particularly striking. ... Other countries are moving in the same direction. There has long been a protectionist strand in the US ... Other countries, notably Germany and Japan, are uneasy about the activities of foreign investors. ... There may be rare cases where a government needs to intervene for reasons of national security, but Britain gains far more than it loses from being an open economy. Foreign investment brings capital and management into the country, and puts competitive pressure on domestic firms."

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