Canadian Controls of Foreign Business Entry: Present Form and Future Prospects (Classic Reprint) - Hardcover

Inhaltsangabe

Excerpt from Canadian Controls of Foreign Business Entry: Present Form and Future Prospects

In contrast to the stringent limitations placed on goods entering into Canada, entry into business activity had always been, until recently, free of restrictions a fact which set Canada apart from most major industrial economies.

The openness of the Canadian economy to foreign investment, whether direct or portfolio, was the result of a long-lasting governmental policy1 which opposed free-trade as having detrimental effects on the infant Canadian industry. In contrast, the inflow of capital and labor was considered beneficial for the economic development of the country and thus was allowed unconditional entry.

This open Canadian attitude, particularly towards foreign direct investment, began to undergo radical changes in the late sixties; follow ing several studies2 which warned against the reliance on foreign direct capital as a main component in the country's development strategy, the government's stand hardened to the point of preventing several takeovers of domestic businesses by foreign investors.3 In addition, more and more popular resentment against alien interests started to appear in the early seventies.4 It all culminated in the Foreign Investment Review Act, passed by Parliament on December 12, 1973.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.