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Chapter 8: Overseas Expansion and National Security Collide

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This chapter examines the national security implications in home and host states as a result of sovereign investors' activities – both overseas investments (global portfolio) and overseas presence (global offices). We explore how national security legislation has adjusted to the rise of sovereign investors with their ties to foreign governments. The Committee on Foreign Investment in the United States (CFIUS) mechanism and the related US–China tensions serve as one case study, as well as similar regulations in Australia, Canada, EU member states, and Israel. Finally, the chapter traces the evolution of the concept of “national security” from weaponry to critical infrastructure to data, where it inevitably collides with the ambitions of sovereign investors in the digital economy.

The Hunt for Unicorns

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