Final answer:
The government's seizure of company assets is known as expropriation, which relates to nationalization where the government controls previously private economic assets. The process can occur with or without compensation and impacts foreign investors and the global economy.
Step-by-step explanation:
A government's seizure of a domestic or foreign company's assets is known as expropriation. This process is typically associated with the concept of nationalization, where a government takes control of economic assets such as land or an entire industry. Although these assets were under private ownership, they become publicly owned after expropriation, and this can occur with or without compensation to the former owners.
In the context of international business and trade, expropriation can create concerns among foreign investors who might worry about the security of their investments in other countries. Furthermore, this can have implications for international relations and the global economy, as it affects the dynamics of free trade and the operations of multinational corporations.