Foreign investment and economic development

Abstract

This issue has been a favourite with youths and students, and in Malaysia, for example, it was discussed both at the National Youth level as well as at the National Students Council. In fact, the latter at its most recent conference, passed a resolution which called for the nationalization of certain vital sectors of the Malaysian economy. It is, however, erroneous that opposition to foreign investment exists only in developing countries, but it happened in developed coun- tries, like Canada and Australia. As an issue with important implications, naturally there are vari- ous shades of opinions as to whether foreign investment is useful or not, or as the topic for discussion today states, whether it is a catalyst or a conspiracy.