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Suggestions to Improve Australia’s Foreign Investment Review Framework : Submission to the Inquiry by the Senate Economics References Committee

Author

Listed:
  • Peter Drysdale

    (East Asian Bureau of Economic Research)

  • Shiro Armstrong
  • Neil Thomas

Abstract

Australia’s economic development since the time of European settlement has been predicated on capital investment from overseas. A relatively small, young population inhabiting a vast continent rich in resources and opportunity would not have prospered without external capital to build mines, factories, ports, roads and infrastructure. Direct investment also brings new technology, access to new markets, and new ways of doing business. Policies that prevent foreign investors bidding for Australian assets also prevent Australians from realising the full international value of their assets.

Suggested Citation

  • Peter Drysdale & Shiro Armstrong & Neil Thomas, 2016. "Suggestions to Improve Australia’s Foreign Investment Review Framework : Submission to the Inquiry by the Senate Economics References Committee," Finance Working Papers 25460, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:financ:25460
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    File URL: http://www.eaber.org/node/25460
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    More about this item

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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