Download or read book Canadian Government Policies Toward Inward Foreign Direct Investment written by Steven Globerman and published by Industrie Canada. This book was released on 1998 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first section of this report identifies and discusses the range of policies that governments can implement to directly or indirectly influence inward foreign direct investment (FDI), as well as the behaviour of multinational companies in the host market. The following section sets out public policy criteria against which to evaluate the consequences of Canadian government policies toward inward FDI. The next section reviews the determinants of inward FDI, drawing upon the existing economic and international business literature. The subsequent two sections contain a broad overview of inward FDI patterns to Canada over the post-war period, with preliminary inferences about the influence of public policies on inward FDI flows, and discuss significant policy initiatives directed at influencing either the quantity of quality of inward FDI. These include the Foreign Investment Review Act, the Investment Canada Act, and the North American Free Trade Agreement. This is followed by a section that identifies Canadian government policies directed at restricting inward FDI at the sectoral level (financial services, oil and gas, communications). Welfare economics arguments for and against sectoral foreign ownership restrictions are considered. Original economic models of FDI for Canada are then discussed and case studies are presented of the consequences of foreign ownership and the impacts of foreign ownership policies on the three sectors mentioned above. The final section concludes the report with a summary and a set of policy recommendations.
Download or read book Simplifying the Rule Book written by A. Edward Safarian and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canada's foreign direct investment (FDI) review regime, already criticized for its vague “net benefit” test for large proposed takeovers, has become potentially even more confusing to would-be investors in recent years. This Commentary proposes reforms to make the application of Canadian FDI rules more transparent, and give Canada a far better reputation as a place to invest. The author advocates an end to foreign investment economic review, leaving security to a separate committee, and closing some sectors completely or partially to foreign investment, as is now the case, but with these restrictions subject to periodic, mandatory reviews. Under the author's proposal, Industry Canada would cease reviewing inward FDI for compliance with a “net benefit” test and would be only one participant in a committee reviewing FDI proposals for national security concerns. It would take central responsibility for monitoring federal sectoral ownership policies and would regularly review the effect of such policies, including an assessment of the ongoing need to keep in place foreign ownership limits on a sector, or to remove such limits. Clearly, there needs to be continuing analysis of sectoral limits as technology and government policies change over time. The rationale behind such an approach rests on the rejection of the widespread idea that securing controlling ownership of a Canadian-owned firm allows a foreign investor, whether or not an SOE, to operate at will in Canada. Nothing could be further from the truth. Regarding natural resource exploration and development alone, there are myriad laws and regulations for licences and other permissions on exploration, environmental review, sourcing of supplies and other inputs, as well as many other activities requiring approvals from various levels of government. Where improvements in such laws, regulations and policies are needed, they should be instituted and apply to both domestic and foreign firms with regard to their Canadian operations. It makes no sense to have rules that impose conditions on inward FDI but not on existing local firms.
Download or read book Best Policy Practices for Promoting Inward and Outward Foreign Direct Investment written by and published by . This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Best Policy Practices for Promoting Inward and Outward Foreign Direct Investment identifies public policies and other factors that influence foreign investors and whether foreign direct investment leads to other economic benefits.
Download or read book Foreign Direct Investment written by A. E. Safarian and published by IRPP. This book was released on 1985 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the back cover: Foreign direct investment and multinational enterprises play a major but controversial role in Canada. Why do we see multinational enterprises use the subsidiary to transfer their techniques and products rather than national enterprises selling their products to foreigners through markets? What impacts do multinational enterprises have on the economic growth, balance of payments, industrial performance, and national independence of the home country? Professor Safarian addresses these questions, and others, as he surveys the research of Canadian economists in this field. Although economists have recently produced more and better analysis of foreign direct investment, the author maintains that additional research is required. The complex macro- and micro-economic impacts require more precise theoretical and empirical study....Sarafin concludes that economists and other social scientists must close the gaps in understanding foreign direct investment.
Download or read book Industry Canada s Foreign Investment Research written by Ronald Hirshhorn and published by Canadian Museum of Civilization/Musee Canadien Des Civilisations. This book was released on 1997 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter of this document looks briefly at some of the factors underlying recent patterns of foreign investment. The next chapter of the paper discusses Industry Canada (IC) research that pertains to the role of foreign direct investment and the factors underlying recent investment trends. Chapter 3 considers the policy implications of the IC research in the context of Canada's role as both a significant host and an important source of foreign investment. In addition to examining the need for government intervention in foreign investment markets, this section considers the implications of the studies' findings for general government policy. Chapter 4 looks at foreign investment policy in an international context. The IC studies that examine foreign investment barriers and that have something to say about how to improve the international environment for foreign investment are discussed in this section. The paper's conclusions are presented in chapter 5.
Download or read book A Rule of Reason for Inward FDI written by Grant Bishop and published by . This book was released on 2016 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Domestic Capital Formation electronic Resource written by Pauly, Peter and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Future of Foreign Investment in Canada written by Charles A. Barrett and published by Ottawa, Ont. : Conference Board of Canada. This book was released on 1985 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Foreword: The first report in the series established how foreign investors perceive Canada as a place to invest ... A second report focused on the actual mandate and operations of FIRA ... This report presents a considered evaluation of the future role of foreign investment in Canada. Drawing on the Conference Board's acquired expertise in this field, and on extensive outside consultations, this report casts the foreign investment issue in a wide framework of economic and public policy considerations. It aims to inform and guide public discussions by setting out the broad influences moulding the behaviour of foreign direct investment and by presenting an analysis of specific public policy options for dealing with the inflow of foreign investment.
Download or read book Simplifying the Rule Book a Proposal to Reform and Clarify Canada s Policy on Inward Foreign Direct Investment written by and published by . This book was released on 2015 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulation of Foreign Direct Investment in Canada and the United States written by Earl H. Fry and published by Provo, Utah : Brigham Young University, David M. Kennedy International Center. This book was released on 1983 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming the Investment Canada Act written by Philippe Bergevin and published by . This book was released on 2011 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Dispelling Canadian Myths about Foreign Direct Investment written by Walid Hejazi and published by . This book was released on 2010 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this study is to examine the changing trends in Canada's inward and outward foreign direct investment (FDI) over the past several decades and to propose how public policies should be changed to ensure that Canada draws maximum benefits from foreign investment flows. The first section of this study provides definitions of FDI, distinguishes between portfolio and direct investment and highlights the importance of mergers and acquisitions as a type of FDI. The next section briefly considers the upsides and downsides of FDI, revisits the hollowing-out debate in Canada and discusses optimal policies. The study then reviews the trends in Canada's inward and outward FDI over the past several decades. The final section presents two empirical models of FDI and estimates the importance of key factors underlying Canada's changing FDI patterns. The study concludes with a discussion of the policy implications.--Document.
Download or read book International Affairs written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Canadian economy is heavily influenced by a magnitude of foreign direct investment. Thus the Government established the Foreign Investment Review Agency (FIRA) to screen incoming foreign investments. The report addresses the following issues concerning the agency and the possible necessity of establishing a similar one in the United States: (1) the criteria used by FIRA to evaluate the desirability of foreign investments; (2) FIRA policy goals and the types of investments which have contributed the most to Canada's national objectives; (3) the current administrative, policy, enforcement, political, and other problems of FIRA; (4) data gathering and use; (5) types of investigations FIRA makes, for what goals and with what results; and (6) whether the review process is needed in the United States. The study showed that there is not a need for establishing a foreign investment screening agency in the U.S. at this time. The reasons are: (1) such an agency would be inconsistent with the longstanding U.S. policy to encourage the free flow of trade and investment and to promote equal treatment of domestic and foreign investors; (2) whereas foreign investors control about 60 percent of the industrial firms in Canada, only about 2 percent of U.S. manufacturing establishments are foreign firms and no single foreign country has a large concentration of investment; and (3) the United States already has methods to monitor and control some foreign investment and many States have additional controls. Instead, the effective implementation of existing legislation, effective functioning of the interagency Committee on Foreign Investment in the United States, and continued congressional interest should all alert agencies and the Congress to the need to further improve the monitoring and the regulation of foreign investment.
Download or read book Foreign Direct Investment in Canada The Case for Further Openness and Transparency written by and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of inward FDI relative to the size of a country's economy can be considered an indicator of how attractive an economy's prospects are, or how well operations on its territory complement the foreign investor's international operations, since the investor deems it worth the risk inherent in financing, owning and operating a business in a foreign country. [...] In that case, FDI may not be the most efficient way for the host economy, or the home economy of the investor for that matter, to benefit from integration with the global economy. [...] The Panel made a number of specific recommendations regarding FDI policy and the operations of the Investment Canada Act (ICA): raising the mandatory review threshold under the ICA from $295M of the gross assets to $1B of the enterprise value of the Canadian business whose control is being acquired (enterprise value being more closely related to the purchase price and more suitable for the valuati [...] The government did not: • Change the test for passing the review from one of "net benefit" that must be shown by the investor, to one of "contrary to the national interest" which would have to be argued by the government. [...] Of the four main types of restrictions on FDI recorded by the OECD, "equity restrictions" and "screening" are the two that cause most of the gap in FDI between Canada and comparator countries (Table 2).
Download or read book Foreign Direct Investment in Canada written by Herb Gray and published by . This book was released on 1972 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report on foreign investment in Canada and the economic implications thereof - examines possible economic policy approaches to the expanding role of USA-based multinational enterprises, considers the impact of foreign control on savings, the balance of payments, financial markets, technology, management, trade, competition, monetary policy, foreign policy, etc., and includes social implications and legal aspects. References and statistical tables.
Download or read book Shifting Foreign Direct Investment FDI to High Growth Sectors in Canada written by and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides 1) a full picture of the status quo of inward FDI in Canada, 2) a comprehensive examination of the present investment climate in Canada, and 3) policy recommendations of fiscal in- struments and FDI incentives that would diversify and attract inward FDI to Canada's strategically important and high growth sectors, such as information and communication technology (ICT). [...] For example, FDI can function to encourage the transfer of technology and expertise between economies; it can contribute to the spread of best practices in corporate governance and legal traditions; and it can even play a positive role in the development of international trade. [...] It is responsible for reviewing and assessing significant investments made by non-Canadians in Canada, with the ultimate aim of helping non-Canadian investors enter the Canadian market.13 This Act is key in setting the stage and moving the direction of FDI in Canada. [...] An entity is Canadian-owned and controlled if a) in the case of a corporation, not less than 80% of the members of the board of directors are individual Canadi- ans; b) Canadians beneficially own, directly or indirectly, in the aggregate and otherwise than by way of security only, not less than 80% of the entity's voting interests; and c) the entity is not otherwise controlled by persons that are [...] The Broadcasting Act Under the Broadcasting Act, the broadcasting licenses may only be issued to companies that meet the following re- quirements: a) the corporation must be incorporated or continued under Canadian law; b) the CEO or equivalent and not less than 80 per cent of the Directors must be Canadian; and c) at least 80 per cent of the voting shares, and 80 per cent of the votes must be own.
Download or read book Best Policy Practices for Promoting Inward and Outward Foreign Direct Investment written by and published by . This book was released on 2010 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Best Policy Practices for Promoting Inward and Outward Foreign Direct Investment identifies public policies and other factors that influence foreign investors and whether foreign direct investment leads to other economic benefits.
