The Feral FIRB
John Garnaut has a story in the SMH highlighting the arbitrary and capricious nature of Australia’s regulation of foreign direct investment and the damage it is doing to Australia’s international reputation as an investment destination. If Garnaut is to be believed, the FIRB is a bureaucracy turned feral, which would help explain the Patrick Colmer speech debacle. Extract over the fold, but read the whole thing.
posted on 06 October 2009 by skirchner in Economics, Foreign Investment
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