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[QUOTE]Originally posted by Amun-Ra The Ultimate: [QB] [QUOTE]Originally posted by zarahan- aka Enrique Cardova: [qb] And you are right about the multinational looting. African nations need to drive a lot harder bargain for their resources. [/qb][/QUOTE]I don't think they need to drive a harder bargain. It's like magical thinking. Harder than what? Haven't they tried it already? Africans need to vote for better leaders outside US/foreign interference and they need to develop their own resources themselves instead of dealing with multinationals (the looters). Keeping the majority ownership of companies for themselves. That's the main idea behind what practically every country did (either historically due to the absence of foreign multinationals, or through legislation and government policies). FDI restrictions (restrictions doesn't =eliminations) is one way to use legislation to keep natural resources and land in the hands of locals (until local/national companies becomes multinational themselves and invest overseas, then you open up because FDI becomes a 2 way street): [URL=http://www.doingbusinessthailand.com/blog-thailand/doing-business-in-thailand/company-formation-thailand/invest-in-thailand-may-your-investment-be-exercised-under-the-form-of-a-100-foreign-owned-business.html]http://www.doingbusinessthailand.com/blog-thailand/doing-business-in-thailand/company-formation-thailand/invest-in-thailand-may-your-investment-be-exercised-under-the-form-of-a-100 -foreign-owned-business.html[/URL] Thailand is now a upper middle income country since 2011: http://www.worldbank.org/en/news/press-release/2011/08/02/thailand-now-upper-middle-income-economy South Korea has become a developed (high income) country, so FDI is not one-way street. South Korean investors also invest some of their money internationally. It's like a 2-way street. To give a different perpective: FDI for New Zealand averaged 5.7% of total investment between 1951-1982. Australia 7.3% over the same period. [/QB][/QUOTE]
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