Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment

By Mira Wilkins | Go to book overview

Chapter 9
Public Policy

Normally, public policies toward foreign investment are assumed to be matters of national concern. Does a state have the right to develop procedures relating to non-U. S. investment? 1 Is foreign investment "foreign commerce" and thus covered under the commerce clause of the Constitution that reserves all matters of foreign commerce to the federal government? 2 States have for many years dealt with foreign investment and continue to do so. The commerce clause has never been used successfully to challenge existing state laws on non-U. S. investments. 3

State government measures regarding foreign investment range from promotion to formal and informal monitoring, restraint, and even prohibition. The "do nothing" approach is another option. When this study was proposed in 1974, Florida had no defined policies toward non-U. S. investments; since then, several have evolved.


PROMOTION

Florida has become committed to attracting non-U. S. investment that will provide jobs and stimulate economic growth. The commitment is focused on bringing in new industry, with special emphasis on clean industry. Interest in attracting international banks has also emerged, although it is tempered by reservations about allowing them to compete in domestic banking.

During 1977-1978, Governor Reubin Askew traveled abroad, endeavoring

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Foreign Enterprise in Florida: The Impact of Non-U.S. Direct Investment
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Contents vi
  • Preface vii
  • Chapter 1 the Extent of the Investment 1
  • Chapter 2 the Nature of the Investment 11
  • Chapter3 Nationalities of the Investors 20
  • Summary 34
  • Chapter 4 Land and Real Estate 35
  • Summary 51
  • Chapter 5 Other Industries 55
  • Chapter 6 Banking 84
  • Summary and Commentary 97
  • Chapter 7 Regions 104
  • Chapters 8 Benefits and Costs 117
  • Summary 126
  • Chapter 9 Public Policy 128
  • Conclusions 140
  • Notes Notes to the Preface 142
  • Appendixes 155
  • Index 185
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