PETER BRUCE: Foreign investment, wow! That’s a good thing, innit?

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The Country Investment Strategy has made huge strides discovering economic basics

It is, Google Translate tells me,— the report to beat all reports. It somehow sounds great in Italian.

At best we get to 13% . Last year our fixed investment to GDP ratio was 13%. Botswana did 28.5%, Nigeria 31%, India 26%, South Korea 33%, Turkey 28% and France 24%. Our investment calculations traditionally assume state-owned companies do about a third of all investing. This time, however, we are presented with two types of foreign direct investment . “Market-seeking FDI involves seeking large populations with growing incomes whilst resource-seeking FDI seeks a labour force at competitive relative costs ...”

 

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This government is clueless. Have a word in CR’s ear,Bruceps because he won’t read this.

🤣👍 govt's inchoate drivel denotes lack of intelligence

Man’s been watching Top Boy innit. It’s a mad one still.

Or jail

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