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Friday, February 24, 2006

Business Relationship Will Reap Rewards

Another pundit whom this writer admires is Mansoor Ijaz, a regular on Fox News. In his piece "Why Dubai is good for US Business", Ijaz writes:

In the battle of hearts and minds that defines America's struggle to combat terrorism, the emotional eruption from US politicians in the past week over the proposed takeover of six key American ports by a Dubai company is a big step backward for US national security. It is a uniquely un-American reaction that assumes the worst of an important Arab ally, pronounces its guilt, and seeks to paint its companies as enemies without one shred of evidence.

Ijaz recounts the many ways Dubai has assisted the US in the War on Terrorism. If we prefer creating a long-term friend rather than create a dangerous enemy, then open economic relations with Arabs is a must. Writes Ijaz:

It is hypocritical for America to want democracy in the Middle East, to champion capitalism as the best economic framework while pushing for reform, transparency, and anticorruption practices in its businesses, and then turn protectionist when a Dubai-owned company turns up on our shores having played the capitalist takeover game responsibly and transparently.

We will win this war by making allies, not enemies. Historically, that was tried by our and out foreign aid grants. That bought us nothing and the poor people of those countries nothing but a strengthened dictatorship. A working business relationship is the better path.

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