This is probably false. Both Canada and the United States relied very
heavily on foreign investment particularily during the early stage of
industrialisation. Both made it by heavy exploitation of natural resources,
but would not have been able to get these out to market without the foreign
investment in the development of the infrastructure (railways, canals,) or
the importation of foreign technology. I expect that Australia did it the
same way.
----Original Message Follows----
From: Sam Pawlett <[EMAIL PROTECTED]>
No country has ever made into the rich boys club by foreign
investment. Economic history suggests that development can only be had
through each country seizing control of its own destiny, shaping its
market relations to its own advantage and upgrading its land, labor and
capital.
Sam Pawlett
Rod Hay
[EMAIL PROTECTED]
The History of Economic Thought Archives
http://socserv2.mcmaster.ca/~econ/ugcm/3ll3/index.html
Batoche Books
http://members.tripod.com/rodhay/batochebooks.html
http://www.abebooks.com/home/BATOCHEBOOKS/
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