ABANDONED
For the Limitation of Business Nationalization
Category: Regulation
Area of Affect: Consumer Protection
The World Assembly,
Recognizing the economic impact created by the nationalization of businesses and that nationalization holds the potential to stimulate, rebuild, or otherwise improve a nation’s economy,
Declaring that nationalization appears to make a reflective impact on a nation’s economy and on the well-being of its citizens,
Further stating that while nationalization is, in all essentials, ‘good’, the means of foreign profit are eliminated following nationalization of a specific industry such as oil or consumer products,
Additionally testifying that nationalization has a dramatic impact on companies currently engaged in foreign expenditures for profit, as company assets are essentially seized and transferred to state control in this process,
Detailing that the loss of trans territorial assets is traumatizing especially if those assets have had opportune amounts of time to be allowed to grow and be invested in, and make a fair dent in a company’s quarterly report,
Expressing the need for the limitation of business nationalization,
Does hereby,
1. Define “Nationalization” as the seizing of company assets that are headquartered in another territory or region, or the seizing of private industry to transfer to state control
2. Mandate that nationalization of foreign businesses may only be authorized under the premises of:
2A. Active state of war, of which seizing of private assets are permitted only in temporary terms in order to aid with war effort, or if a state of war exists between two nations in which a private establishment owned by the opposed side is present in a nation.
2B. Economic decline or implosion is imminent without such nationalization of a business sector, and is therefore necessary to save a crumbling foundation.
2C. Private industry disregards or is in noncompliance with national regulations regarding private companies.
2D. The nation deems nationalization prudent under the guise that an industry or individual company is about to experience foreclosure due to lack of demand, sanctions, or poor management.
2E. A viable reason is presented to seize an industry under other terms not conditioned in the aforementioned clauses.
3. Allow for sanctions or embargoes on nations in noncompliance with the aforementioned reasons in the way of:
3A. Increasing imported products cost to encourage the de-nationalization of an industrial sector
3B. Refusal to export specific products to a nation undergoing nationalization of an industry that directly affects a private establishment that is owned and operated in the country issuing such refusal.
3C. Termination of all trade until such a time that the nationalization process is cancelled or private assets are restored.
3D. Foreclosure of private industries not directly affected by the nationalization process.
3E. Direct trade war between two nations in which hostile relations exists in terms of exporting and importing of consumer goods or materials.
3F. Retaliation foreclosure of private industry or freezing of assets of an exemplified private sector owned and/or operated by the opposed country.
3G. Issuing of international aid call to engage in sanctions, embargoes, trade wars, or termination of all trade if more than one member nation is directly affected by the nationalization process.
4. Prohibit the nationalization process of businesses under the terms of:
4A. Any asset producing fuel sources required to be exported to other nations for the sake of their operation.
4B. Any asset producing consumer goods that are being directly imported into a nation apart of this assembly for usage in the manufacturing or sale of materials including, but not limited to, clothes, machine parts, or any product that is intended to be commercially sold.
4C. Any asset that is responsible for the production of minerals or mined materials that are used in the manufacturing of motor vehicle parts, weapons, or consumer products such as electronics.
4D. Any asset that is imported from said country from a private sector owned in that nation, that is producing constituents that are directly in demand or needed in a country, or are meant for international trade.
5. Reasserts that nationalization may be used under any other term or condition not mentioned in this proposals terms and clauses.
