Re: Re: Argentina, Australia and Canada

[Bill Burgess <burgess@xxxxxxxxxxx>]

Grant wrote:

> An extreme (and geographically unlikely) example. There are plenty of
> contrary ones. To cite an equally unrepresentative, but nevertheless _real_
> example, there is increasing investment in business and real estate here in
> Western Australia by members of the Indonesian and Malaysian political and
> business elites.

UN data, 1998:

country         inward FDI stock/GDP    outward FDI stock/GDP
Canada  23.9%                   26.9%
Australia       28.1                    17.1
UK              23.3                    35.9
France  11.7                    15.9
Singapore       85.8                    56.1
Malaysia        67.0                    22.7
Indonesia       73.3                    2.4
Argentina       13.9                    5.4
Brazil          17.1                    1.4

I'm with Louis on the qualitative difference between Canadian and
Australian FDI as compared with that from Malaysia or Brazil. Note the
obvious difference in rates of outward FDI, plus the fact that most FDI by
Canada, France, etc. is in other imperialist countries while most FDI by
Indonesia, Argentina, etc. is in fellow semi-colonies. Singapore's inward
and outward rates are both high, but note that inward FDI is still  well
above outward FDI in this city-state where annual trade is also 160%
!!!  of GDP.

Bill Burgess