The Stelco Takeover

Paper Summary:

This paper explains that the question of what is the appropriate role of the state in reviewing the takeover of Stelco by a foreign company is a complex one. The author points out that the answer is dependent to a significant degree upon the ideological framework from which it is approached. The paper argue that a strong case can be made for government to play an active role in terms of accepting or rejecting any such takeover.

From the Paper:

"The question of what is the appropriate role of the state in reviewing the takeover of Stelco by a foreign company is a complex one. As this essay will explain, the answer is dependent to a significant degree upon the ideological framework from which it is approached. However, as will be argued, a strong case may be made for government to play an active role - in terms of accepting or rejecting - any such takeover. Any foreign takeover of Stelco would be occurring within the context of an international economic process known as "globalization"."

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