Tories for FDI Protectionism

Opposition to FDI in Australia often comes from the political right. Canada is no different, with Mark Milke noting the hypocrisy of Canada’s Tories:

The decision by the federal Conservative government to reject the Australian mining company BHP Billiton Ltd.’s takeover bid of Potash Corp in Saskatchewan was only the latest in a series of anti-investment moves by a plethora of Canadian governments…

Those who claim that resource ownership akin to oil and gas reserves was at stake are fibbing. As with oil and gas, the subject of the takeover attempt was a company that extracts the resource; it was not about ownership of the resource itself. Oil, gas and potash all belong to provincial governments.

posted on 02 December 2010 by skirchner in Economics, Foreign Investment

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