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[QUOTE]Originally posted by zarahan- aka Enrique Cardova: [QB] No I have no wish to be doing any attacks. Peace. I may have overstated my case, but I think we have cleared up the thing above- three different categories in play - FDI, Aid and domestic. Re FDI, I would agree that in the last 50 years it might not be as huge a factor, compared to the big domestic dog South Korea has become. I fully credit SKorea with their internal dynamism, though I would also add that FDI still played a key role. Nothing wrong with this per se. Per one article: [i]"This study covers the time period from 1980-2009. This study attempts to determine empirical impact of FDI on South Korean economy using macroeconomic annual time series data. FDI, domestic investment, employment, export and human capital are considered as the endogenous variables for economic growth. The multiple regression are employed in this study. This study finds that there is a strong and positive impact of FDI on South Korean economic growth."[/i] http://ijbssnet.com/journals/Vol_3_No_21_November_2012/2.pdf The author''s present a lot of backing statistics but I think it might be safe to say that FDI remained SOMEWHAT important in SOME sectors, but not as important as the domestic side of the house. FDI is a legit econ development tool. I think some African countries are benefiting from it. Look at Botswana- it is gaining from huge investments in its mineral industries even though the country is mostly desert with weak agriculture etc, and did not have the long advantages of the Asian countries. FDI can be used to advantage- the trick is making sure that the benefits are spread around, and that elites do not rake' off too much, and that they are in the right areas. Why for example spend millions losing money on a national airline for "pride project" purposes when international carriers can do the job more cheaply and the millions saved can be used for more productive stuff- like building roads to help small farmers get their produce to market? Why uses scarce cash to build huge urban "showcase" hospitals when a network of small rural clinics and health centers might meet the urgent needs of the masses better? And you are right about the multinational looting. African nations need to drive a lot harder bargain for their resources. Most likely the Chinese or Western multinational are playing one off against the other. If you don't give be concessions here, I will go to the next country over there, and their elites get the payoffs. But what else did S. Korea do that might be transferrable, if at all? What's the breakdown? And how are the "divide and conquer" tactics of any looters to be beaten? Anyone? [/QB][/QUOTE]
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