Under the modern traditional theory,the sovereign may nationalize foreign-owned property only where:

Question

Quizplus · Accepted Answer

Under the modern traditional theory, the sovereign may only nationalize foreign-owned property if it is for a public purpose. This means that the government must have a legitimate reason, such as national security or economic development, for taking control of private property that is owned by foreigners. Other reasons, such as the foreign firm operating unprofitably, violating laws, or the government being communist, are not valid reasons for nationalization under this theory.

Under the Modern Traditional Theory,the Sovereign May Nationalize Foreign-Owned Property