Getting the Incentives Right with Port Safety

Thomas Knapp has some interesting thoughts on why the Dubai Ports World deal is good for American security. To sum up: the deal puts the incentives to do a good job in the right place, since the United Arab Emirates will have a lot more to lose in failing than an American firm would, and the more incentive the UAE has to see America's continued safety as good for their financial health and future, the better for us--and them.