Strictly speaking. Sheikh Hamdan bin Rashid al Maktoum of Dubai. who owns 1.010 acres in the state. will have to sell the land in seven years or become an American commoner. The Japanese are beginning to arouse the same degree of xenophobia that the Arabs did at the height of OPECs power. "We have closer cultural and linguistic ties with the English and the Dutch." says Jeffrey Rosensweig. international economist at the Federal Reserve Bank of Atlanta. "Their U.S. investments dont worry us as much as Asian or Arab investments." When a county manager in Virginia was planning a trip abroad to recruit foreign investment. executives of electronics and telecommunications firms in his area asked him to leave Asia off his itinerary. As one international investment banker puts it. "There are foreigners and there are foreigners." Fujitsu discovered the meaning of that quip in October after announcing its $225 million bid for 80% of Fairchild Semiconductor. a maker of chips used in sophisticated weaponry. No one blinked when Schlumberger. a Netherlands Antilles company. bought Fairchild in 1979. but the government is making Fujitsu sweat while the National Security Council reviews the deal. "Were in a major competitive position with Japan." says Paul Freedenberg. an assistant secretary at the Commerce Department. which is reviewing the proposal. "We want to be careful." Freedenberg should perhaps consider other things Fujitsu is bringing to the table. including new management skills.
Identified stereotypes
Generalization that Asian investments are more worrying than European investments.