Mention foreign investment and opponents will talk about exporting profits.
They rarely if ever mention the benefits:
. . . when foreign companies were investing in the country they were bringing with them the new and interesting ways of doing things, those higher productivity ways, which increase the wealth of the country. Note that these new ways only have to be a few percentage points more efficient than the local ways to more than cover the dividends and profits flowing out again.
Tim Worstall is writing about Venezuela but his point is universal.
Providing foreign investors obey our laws, meet our standards and pay our taxes we’re better off with their money, expertise and technology than without it.
Homepaddock 