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As I Was Saying... by Michael Czinkota

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Currency Flow and Trade: Implications of the Port Debate

Originally published in The Washington Times, March 26, 2006. Used with permission of Michael R. Czinkota and The Washington Times.

The policy eclat over the acquisition of selected U.S. port operations by Dubai appears to be over. There were threats by Congress to pass legislation prohibiting such ownership, countered by statements that President Bush would veto any such legislation. Now, the Dubai owners have decided to spin off the U.S. operations from the global conglomerate which they have purchased. Yet, there may be significant long-term consequences for currency values and trade ...

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