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Should nationalism play a role in foreign takeovers? Politicians say national interests need to be protected as US companies, Pfizer and General Electric, make approaches to the UK's AstraZeneca and France's Alstom respectively.

Presenter Manuela Saragosa discusses the question with Yannick Naud of asset managers Sturgeon Capital; Bob Bischof, vice president of the German-British Chamber of Industry and Commerce; and Pankaj Ghemawat, Professor of Global Strategy at IESE Business School in Barcelona and visiting professor of Global Management, Stern School of Business, New York University.

The discussion also focuses on the role of national identity in the corporate world, which prompts In the Balance's resident management consultant-turned-comedian, Colm O'Regan, to muse about his own sense of self.