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Is Australia's Foreign Investment Policy in the National Interest?

In: Australia's Trade, Investment and Security in the Asian Century

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  • Anthony J. Makin

Abstract

Since the 1980s, global foreign investment flows have at times grown faster than world output and world trade. Many advanced and emerging economies have welcomed, indeed actively encouraged, foreign direct investment (FDI) from abroad, cognisant of the new technology and expertise it transfers. Even though governments of different ideological persuasions around the world are actively vying to increase their relative shares of transnational investment flows, the Australian government, through the operations of the Foreign Investment Review Board (FIRB), continues to deter certain forms of foreign investment, particularly in the financial, media, real estate and transport sectors of the economy. Indeed, there is a widespread view that Australia's foreign investment policy is not restrictive enough, particularly as it relates to foreign takeovers of Australian enterprises…

Suggested Citation

  • Anthony J. Makin, 2015. "Is Australia's Foreign Investment Policy in the National Interest?," World Scientific Book Chapters, in: John Farrar & Mary Hiscock & Vai Io Lo (ed.), Australia's Trade, Investment and Security in the Asian Century, chapter 11, pages 175-183, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814632874_0011
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