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Write a prcis (a summary and a critical analysis) ofJoanna Pachner, Canada Takes On the World, Canadian Business 85 (4), March 19, 2012: 20- - Essay Example

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McClearn, Matthew article Closed for Business focuses on increased restrictions on foreign investors by the Canadian government especially after the recent financial crisis. The core argument or the thesis is that the Canadian government has been blocking foreign investors,…
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Write a prcis (a summary and a critical analysis) ofJoanna Pachner, Canada Takes On the World, Canadian Business 85 (4), March 19, 2012: 20-
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"Write a prcis (a summary and a critical analysis) ofJoanna Pachner, Canada Takes On the World, Canadian Business 85 (4), March 19, 2012: 20-"

Download file to see previous pages Additionally, the Canadian government appears to be contradicting the prime ministers statement by rejecting bids from foreign companies wanting to invest in Canada.
According to McClearn Canada was built using money obtained through the foreign investors. British investors financed the building of railways, buildings, canals and most of the infrastructures while American Industrialist was responsible of building most industries and manufacturing plants. Over the past, Canada has always been open and allowed foreign companies to invest. Around February, the Canadian prime minister personally visited China to inform the Chinese government that Canada was open for foreign investment. However, things have changed rapidly, Canada has been vetting foreign company, and a considerable number of foreign companies have been prevented from Investing in Canada. Such companies include Malaysia Petroliam Nasional Berhad (Petronas) and Lowe’s. Furthermore, there is fear that the Canadian government will reject the offer for Nexen by China National Offshore Oil Corp. Moreover, the Canadian Government has been showing mixed signals. McClearn views such moves as a threat to foreign investors since it appears like the Prime minister, Stephen Harper is contradicting ...Download file to see next pagesRead More
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