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Bill: Foreign Investment Policy Bill
Details
Submitted by[?]: Endralon Progress Party
Status[?]: defeated
Votes: This is an ordinary bill. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: January 2760
Description[?]:
| Foreign direct investment (FDI) in its classic form is defined as a company from one country making a physical investment into building a factory in another country. It is the establishment of an enterprise by a foreigner. Its definition can be extended to include investments made to acquire lasting interest in enterprises operating outside of the economy of the investor.The FDI relationship consists of a parent enterprise and a foreign affiliate which together form a multinational corporation (MNC). In order to qualify as FDI the investment must afford the parent enterprise control over its foreign affiliate. Our current policy on the Foreign Direcct Investment are regulated by the central government, this has some disadvantages: 1. Majority of the FDI in focused on small to medium local industries, situation whereby the central government's policy might not flavour the local needs might occur. 2. The result of this might be devastating, examples had occured whereby the central government had decided to cut off foreign investments to prevent economical bubbles had inflicted great inpact on local industries and economical growth. This happened as the central government's policy is not flexible enough to flavour local interests 3. The same thing might occur to bringing in FDI Therefore, I propose a policy whereby the the FDI is regulated by local governments. This policy can provide a more versitle and liberal condition for the foreign investments. This policy will not cause financial crisises as conpared to the total liberal market policies as the local government's regulations are in place. (OCC: examples of countries in real life applying the policy are: Singapore, Taiwan, Japan and HongKong, the four Asian Dragons and Economical Miracles which had survived their places during the East Asian Financial Crisis in 1997-1998. Even China, a current communist state has applied this policies to all the Direct-controlled municipality(Shanghai, Tianjing, Beijing and Chongqing) and all the special economic zone. Most of the Europe, execpt the Eastern Europe is also using this policy. |
Proposals
Article 1
Proposal[?] to change
The government's policy regarding foreign investments.
Old value:: Foreign investors may invest in national companies, but may not get a majority share.
Current: Foreign investors may freely invest in national companies.
Proposed: Local governments regulate foreign investments.
Debate
These messages have been posted to debate on this bill:
| Date | 07:59:49, May 20, 2009 CET | From | Endralon Progress Party | To | Debating the Foreign Investment Policy Bill |
| Message | Comments please? |
| Date | 13:43:48, May 20, 2009 CET | From | Endralon Progress Party | To | Debating the Foreign Investment Policy Bill |
| Message | OCC：err...no comments？ |
| Date | 04:24:14, May 22, 2009 CET | From | Endralon Progress Party | To | Debating the Foreign Investment Policy Bill |
| Message | Endralonian Constitution Party, may I know the reason why did you vote for no? |
| Date | 04:30:56, May 22, 2009 CET | From | Endralon Progress Party | To | Debating the Foreign Investment Policy Bill |
| Message | Please！ I would like to hear comments from Endralonian Constitution Party as to why he oppose this bill. I have left enough time for debate, and really would like to hear more comments. |
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Voting
| Vote | Seats | |
| yes | Total Seats: 0 | |
| no |
Total Seats: 168 | |
| abstain | Total Seats: 259 |
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