About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

26 Law & Pol'y Int'l Bus. 459 (1994-1995)
From Goldfinger to Butterfinger: The Legal and Policy Issues Surrounding Proposals to Use the CIA for Economic Espionage

handle is hein.journals/geojintl26 and id is 469 raw text is: FROM GOLDFINGER TO BUTTERFINGER: THE LEGAL AND POLICY ISSUES SURROUNDING PROPOSALS TO USE THE CIA FOR ECONOMIC ESPIONAGE JEFF AUGUSTINI* INTRODUCTION In the face of economic espionage by our competitors, and with a large and effective American intelligence apparatus available, some are pondering the previously unthinkable: spying on our friends and allies for the sake of U.S. industry.' Intelligence officials in the United States estimate that at least twenty foreign nations are currently engaged in intelligence activities detrimen- tal to our economic interests. .. ,2 Some of these nations are historic enemies of the United States, some are friends, and still others are members of America's inner circle of world allies.3 The White House Office on Science and Technology estimates losses to U.S. businesses from foreign economic espionage at nearly one hundred billion dollars per year.4 In this lucrative covert war on American business, many of our friends and most trusted allies are literally robbing us blind.5 In the United States, economic espionage has become in some ways the hottest current topic in intelligence policy issues.,6 After nearly five decades of guarding the United States against Soviet aggression and the spread of world communism, America's victory in the Cold War has spawned hard times for the U.S. intelligence community. Facing the * B.A., University of California at Los Angeles, 1991; J.D., Georgetown University Law Center, 1995. I. PETER SCHWEIZER, FRIENDLY SPIES: How AMERICA'S ALLIES ARE USING ECONOMIC ESPIONAGE TO STEAL OUR SECRETS 285 (1993). 2. Ronald E. Yates, Foreign Intelligence Agencies Have New Targets - U.S. Companies, CHI. TRIB., Aug. 29, 1993, at Cl (quoting CIA Director William Gates); Leon Hadar, The New Secret Agent, Bus. TIMES,June 2, 1993, at 27. 3. For instance, this Note will examine the espionage activities allegedly perpetrated against American businesses byJapan, France, Germany, and Israel. 4. Hadar, supra note 2, at 27. Some commentators believe losses could increase by 50% by the year 2003. rd. 5. SCHWEIZER, supra note 1, at I I (quoting Raymond Rocca, former CIA Director for Counter- intelligence). 6. Jim Mann, Woolsey Cites Dangers in Economic Espionage, L.A. TIMES, Feb. 3, 1993, at A 10.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most