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Is that really true? The international supermarkets may chose to invest by open new stores....secondly, they had to buy the local supermarkets in the first plac
by Blackstone4 6y ago
Is that really true? The international supermarkets may chose to invest by open new stores....secondly, they had to buy the local supermarkets in the first place...that went somewhere...maybe that was reinvested locally. It is not clear cut.
- labawi 6y ago> they had to buy the local supermarkets in the first place When foreign owners extract profits to recover their investment or pay whomever, wealth is in fact leaving the country - because they still own the capital (stores) yet get money back. It's not clear cut based on this. They could have invested beyond price, brought knowledge, improved efficiency ... It's also possible they are in effect extracting wealth colonialist style, which is something to beware of - at scale it can have severe consequences for local economies.