CNOOC's Bid for UNOCAL
What Are the Lessons for U.S. Policymakers?

Whatever the final outcome of the contest between Chevron and CNOOC for Unocal, there are important lessons that can be gleaned from this episode. Indeed, it is a portent of future challenges to U.S. and other developed-country policymakers as they attempt to deal with the emergence of China as a competitor and world power. The issues are particularly complex, for they demand a combination of economic analysis with sophisticated and informed judgments about national security and political interests. In an effort to sort through the complex and interconnected economic, diplomatic, and security implications growing out of the CNOOC bid, AEI has assembled a group of scholars to build upon the facts of this case in assessing the broader, underlying issues.

About the Author

 

Claude
Barfield
  • Claude Barfield, a former consultant to the office of the U.S. Trade Representative, researches international trade policy (including trade policy in China and East Asia), the World Trade Organization (WTO), intellectual property, and science and technology policy. His many books include Free Trade, Sovereignty, Democracy: The Future of the World Trade Organization (AEI Press, 2001), in which he identifies challenges to the WTO and to the future of trade liberalization.
  • Phone: 2028625879
    Email: cbarfield@aei.org

 

Thomas
Donnelly

 

Dan
Blumenthal
  • Dan Blumenthal is a current commissioner and former vice chairman of the U.S.-China Economic and Security Review Commission, where he directs efforts to monitor, investigate, and provide recommendations on the national security implications of the economic relationship between the two countries. Previously, he was senior director for China, Taiwan, and Mongolia in the Secretary of Defense's Office of International Security Affairs and practiced law in New York prior to his government service. At AEI, in addition to his work on the national security implications of U.S.-Sino relations, he coordinates the Tocqueville on China project, which examines the underlying civic culture of post-Mao China. Mr. Blumenthal also contributes to AEI's Asian Outlook series and is a research associate with the National Asia Research Program.
  • Phone: 202-862-5861
    Email: dblumenthal@aei.org
  • Assistant Info

    Name: Lara Crouch
    Phone: 202-862-7160
    Email: lara.crouch@aei.org

 

Phillip
Swagel
  • Phillip Swagel, an economist and academic, was assistant secretary for economic policy at the Treasury Department from 2006 to 2009, where he was responsible for analysis on a wide range of economic issues, including policies relating to the financial crisis and the Troubled Asset Relief Program. He has also served as chief of staff and senior economist at the White House Council of Economic Advisers and as an economist at the Federal Reserve Board and the International Monetary Fund. He is concurrently a professor of international economics at the University of Maryland's School of Public Policy.  He has previously taught at Northwestern University, the University of Chicago’s Booth School of Business, and Georgetown University. Mr. Swagel works on both domestic and international economic issues at AEI.  His research topics include financial markets reform, international trade policy, and the role of China in the global economy.
  • Phone: 2026874869
    Email: pswagel@aei.org
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