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Posted on July 12, 2004. Filed under: Uncategorized |

Why one should limit foreign investment in, say, the airline industry:
Can create a bubble. If foreigners withdraw their money rapidly, prices could collapse. If foreigners are allowed to invest, it can drive up asset prices to unreasonable levels.

But this is a case for limiting investment, but doing so on the basis of nationality is a bone-headed approach.

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