Liberty Discussion on “Foreign Investment”
Liberty Discussion is a program designed to engage and inform the core members on the ideas of free market economy and classical liberal ideas. Discussions are made on the contemporary issues (local or national) through free market perspective. Article is selected and shared within the members to prepare oneself for the program. The program is organized at the venue of Graduate Coach Biratnagar on every alternative Saturday (twice a month).
The members of the Liberty Discussion Group sat down at Graduate Coach, on the 3rd June 2017 to discuss on the topic “Foreign Investment”
The author in the article about the Foreign investment, as one of the important sources of industrialization and job creation, and a major component in the economic growth of many third world countries. The prime example of such changes is the transformation of our two neighboring countries — China and India, who rose from the status of extremely poor nations to being the current economic superpowers of the world.
The discussion started with since our country is also in the growing stage in economy. Foreign investment could also play crucial role on development of it. It will also pumps a lot of capital knowledge and technological resources into the economy of a country. It will also results in higher wages and brings Management and Marketing skills.
Some supported the view these point others claimed that It would be better for us to capitalize our own internal capital. Also government should have clear policies for opening sector for foreign investment. Since there is malpractices of the private sector like syndicates and cartels which hamper’s consumer’s rights and overall economy by discouraging competition in the market. All the participants were of the view that though they are illegal by law. It has been the biggest challenge in creating a competitive market, which is not favorable in investment environment. It is bad for the economy as it benefits a handful of people.
Participants also claimed that foreign investment in domestic market creates a competitive environment in the domestic market compelling national enterprises to compete with the foreign enterprises. This leads to higher efficiency and better products and services. The Consumer may have a wider choice. So, it is the role of the government to provide proper enforcement and create environment for doing business.