Abstract
Interest has recently been reignited in the question of foreign ownership and the regulation of foreign direct investment into Australia. This paper briefly outlines macroeconomic and political factors that make continued regulation of foreign direct investment (FDI) highly likely, perhaps even inevitable. We present an historical analysis of the development of the regulation of FDI in Australia that highlights the political and economic elements of that regulation. Lessons from such analysis may guide the formulation of current policy in regard to the regulation of FDI.
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