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Broderick Ross
History
28 July, 09:19
What did the new foreign investors attempt to do?
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Shaun
28 July, 09:23
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Government try to attract more foreign investment because
It strengthens the economy of the country
It increases foreign currency reserves so that payment of imports can be met.
It enhances foreign exports
It results in creation of more jobs
Local companies will be benefitted from the increased competition. They invest in newer technology and production methods and raise their production activities.
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