Great article! I agree that firms should internalize their foreign investments, but given the unlikeliness, it's more of a utopia. The industries it benefits collaterally as well profit just as much, for example the financial market hedge funds, world bank, etc. Looking at some economic and political cycles in Latin American countries is enough to show that it would take a lot for this kind of change. Would be very interesting though
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Thanks for the feedback and I agree that changing this norm of intervention would be extremely difficult...as you point out, there are plenty of stakeholders who benefit from the way things are, plus a whole lot of bad assumptions that support the process.
Still, we should at least continue to point out the consequences and advocate a better way through peace :)
Couldn't agree more. Fine tuning our way even if its just tightening a screw, it's a step in the right direction.