Local/foreign ownership --- I think any proper investment promotion framework should keep in mind a good balance between local ownership and removal of barriers for foreign direct investment. A full and non-controlled inflow of foreign direct investment could put local industries at the mercy of foreign companies’ interests; on the other hand, without sufficient permission to have an attractive participation in important sectors of the local economy, foreign companies will hardly want to invest. In this sense, the case of China is illustrative, since it established great benefits to attract foreign investment, while establishing rules for the participation of domestic companies in these projects.

Source author: Ricardo Daniel Delgado Muñoz rdelgado@sre.gob.mx