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to the dead post: Australia has always relied on capital inflows for infrastructure and capital improvement. in the 30s-50s it was from the UK, the 60s and 70s
by robbiep 9y ago
to the dead post:
Australia has always relied on capital inflows for infrastructure and capital improvement. in the 30s-50s it was from the UK, the 60s and 70s from the US (especially with the growth and introduction of Cotton in Australia), the 80-90s from Japan, and now China. All those waves of investment have come with fears of 'takeovers' and all of them have passed. maybe the current one will go for longer, who knows. Fear of foreign ownership are a little overhyped; they can't take the land with them and they must be good stewards of it in order to earn good returns. And they must employ locals in order to do that too - which has brought revitalisation to some regional areas that have gone through downturns.