Report of testimony on Canada's foreign investment controls and their impact on economic relations with the USA - surveys Canadian government policies, public opinion and Elite attitudes with regard to nationalism, indigenization, multinational enterprise, joint ventures, etc. References and statistical tables.
From the Executive Summary: This study examines investors' perceptions and actual experiences with the Foreign Investment Review Agency (FIRA). It is based primarily on the results of a detailed questionnaire sent to a respresentative sample investors who applied to FIRA, supplemented by extensive personal interviews with investors, government officials and other expert familiar with the FIRA process. The interviews with investors included not only organizations that applied to FIRA, but also firms that had explicity chosen not to do so.
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.
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.