kids electric cars china image
Q. So far here is what I got, let's keep this real.
- Cheap labor
- Poor regulations
- Strong intellectual property rights
- Low taxes (<10%)
- off shore banking
What else?
- Cheap labor
- Poor regulations
- Strong intellectual property rights
- Low taxes (<10%)
- off shore banking
What else?
Answer
Investors are interested in locations where:
1. They can feel that the bar of entry to a given industry isn't ridiculously high (e.g. you need to hire 25 lawyers in your company before you can attempt to build and sell an electric car)
-> LOW REGULATIONS
2. They can feel that what they build will be theirs to enjoy (e.g. no government or mafia there saying - we'll take half of what ever you build because we need it the cash to go attend the next G20 photo shoot really it's extremely important I go there with my wife and kids)
-> LOW TAXES
3. The social structure set into place ensures that what has your name on it - remains yours to keep. I.e. the legal infrastructure is set such that nobody can come and easily steal "material stuff" from you.
-> PROPERTY RIGHTS
4. The rules that are set are there to stay and no-one can show up suddenly and decide otherwise or go retroactive and say ooops, know what, effective 5 years ago, every factory built on land XYZ is not allowed to engage in solar panel production
-> THE RULE OF LAW
Besides (if I may):
* The US paid the greatest salaries in the world for two centuries and attracted loads of FDI and the guys invented everything (the guys could say let's go for electricity and boom, there it was, in all houses, sure right now, what next, water, same thing, over night, want a car, sure, what, want to fly, there you go, airplanes, what else, walk on the moon, my of course why not - etc etc)
-> CHEAP LABOR is not a factor usually. Actually the cheaper the labor the lower the skills of the people you higher and the more mistakes and troubles you are likely to have with your problems so it may be counterintuitive but CHEAP LABOR is not in the list.
* Strong intellectual property rights are ALSO not on the list, and are not to be confused with "Property Rights". To this effect I can recommend a very recent video found on YouTube by Kinsella called "How Intellectual Property Hampers Capitalism"
-> STRONG IP RIGHTS are not a factor either
and you just need to look at how the world works today, every penny is running towards China today where the guys are allowed to just build and invent and try and test and here's bread, and here's bread with raisins, and here's bread with raisins and chocolate, etc etc - whereas the countries with Microsoft complaining every other day about no this "idea" is mine and no this was my "idea" etc tend to usually trap capital and impose delays on the speed at which a society moves into the future so people need to be quite careful with IP rights. More URLs I can recommend in the below lines.
Hoping this helps & good luck. Read everything you can find on www.mises.org.
Investors are interested in locations where:
1. They can feel that the bar of entry to a given industry isn't ridiculously high (e.g. you need to hire 25 lawyers in your company before you can attempt to build and sell an electric car)
-> LOW REGULATIONS
2. They can feel that what they build will be theirs to enjoy (e.g. no government or mafia there saying - we'll take half of what ever you build because we need it the cash to go attend the next G20 photo shoot really it's extremely important I go there with my wife and kids)
-> LOW TAXES
3. The social structure set into place ensures that what has your name on it - remains yours to keep. I.e. the legal infrastructure is set such that nobody can come and easily steal "material stuff" from you.
-> PROPERTY RIGHTS
4. The rules that are set are there to stay and no-one can show up suddenly and decide otherwise or go retroactive and say ooops, know what, effective 5 years ago, every factory built on land XYZ is not allowed to engage in solar panel production
-> THE RULE OF LAW
Besides (if I may):
* The US paid the greatest salaries in the world for two centuries and attracted loads of FDI and the guys invented everything (the guys could say let's go for electricity and boom, there it was, in all houses, sure right now, what next, water, same thing, over night, want a car, sure, what, want to fly, there you go, airplanes, what else, walk on the moon, my of course why not - etc etc)
-> CHEAP LABOR is not a factor usually. Actually the cheaper the labor the lower the skills of the people you higher and the more mistakes and troubles you are likely to have with your problems so it may be counterintuitive but CHEAP LABOR is not in the list.
* Strong intellectual property rights are ALSO not on the list, and are not to be confused with "Property Rights". To this effect I can recommend a very recent video found on YouTube by Kinsella called "How Intellectual Property Hampers Capitalism"
-> STRONG IP RIGHTS are not a factor either
and you just need to look at how the world works today, every penny is running towards China today where the guys are allowed to just build and invent and try and test and here's bread, and here's bread with raisins, and here's bread with raisins and chocolate, etc etc - whereas the countries with Microsoft complaining every other day about no this "idea" is mine and no this was my "idea" etc tend to usually trap capital and impose delays on the speed at which a society moves into the future so people need to be quite careful with IP rights. More URLs I can recommend in the below lines.
Hoping this helps & good luck. Read everything you can find on www.mises.org.
How do you think we can prevent the scarcity of fossil fuels?
For peace
The price of petrol and diesel are rising day by day and our hydrocarbon reserves are diminishing...Although researches are still going on..to find a substitute,what else can we do to prevent "lack of fuel" condition??
Any ideas?Any sugestions??
Johnnie, as you said,the earth recycles....but,it takes a huge amount of time for that...Also...the organic matter(such as plants,animals etc..) are also getting used up..
Answer
First thing we could do would be to talk about it, spread awareness, let people know that there is an issue which needs to be tackled before it turns into a crisis. You posing this question depicts that we (at least you) have got the first step right.
Let me first state that in my opinion, there is no out-of-the-box easy solution for this. The only answers are search for newer and non-traditional sources of energy like geothermal energy, tidal energy, solar energy, liquid hydrogen, garbage energy etc and exercise controlled and minimized use of non-replenishable sources of energy.
Here are a few suggestions-
1- Save oil!
Seen as a caption in many of the children's painting competitions- "Save Oil!" should be the motto of everyone around the planet. Personal automobiles should be used less. Public transport facilities should be ameliorated.
2- Go CFL!
Compact fluorescent light bulbs should replace the energy consuming electric bulbs. Likewise, age-old machines should make way for the modern energy efficient appliances.
3- Check vehicles!
What was the last time you neglected your bike/ car's poor average and mileage? Over-consumption should be kept under check by keeping your ride in good condition.
4- Search!
Search for new oil reserves might just buy us more time to think over and solve the impending crisis.
5- Fire and oil make a deadly combo...
Keep the oil refineries and reserves well protected from fire. Not only these accidental fires cause a loss of money and lives, they result in huge loss of the natural resources.
6- Encourage the solar cooker.
Don't mock the nuclear plant. It is a shy but bright kid. Kidding! Ok bad joke... I mean to say- we should slowly work towards establishing non-traditional sources of energy in our lifestyles. Nuclear energy still has a wide scope of application. Same with hydroelectric, solar, wind and other alternatives.
7- Turn off the lights, switch off the fans....
You're probably yawning reading this. This had been repeated so many times but still... you have to save energy in day-to-day affairs.
8- Spread awareness.
Yes, we need more campaigns. The chapters in our social-studies books have already told and retold us all these things but, there is a certain crowd that needs to be told about this in a more effective manner.
9- Smokeless and fuel efficient chulhas.
Here, in India, villages still rely on fuel wood and coal for their basic energy needs. The smokeless chulhas (stoves) go a long way in conserving wood from blind consumption.
10- Use Biogas.
We need more biogas plants. They, in my view, are the best and simplest alternatives in terms of energy cycling. Go biogas! So what if it doesn't smell like roses?
11- Population!
All these measures are of no or little use if the consumption still keeps growing. How about we put a check on population growth? We have been listening to this since the beginning! Do something! Take lessons from China!
12- Plant trees....
Again a well-known and over-discussed solution. We need more mass campaigns. More fuel wood trees and shrubs should be grown.
First thing we could do would be to talk about it, spread awareness, let people know that there is an issue which needs to be tackled before it turns into a crisis. You posing this question depicts that we (at least you) have got the first step right.
Let me first state that in my opinion, there is no out-of-the-box easy solution for this. The only answers are search for newer and non-traditional sources of energy like geothermal energy, tidal energy, solar energy, liquid hydrogen, garbage energy etc and exercise controlled and minimized use of non-replenishable sources of energy.
Here are a few suggestions-
1- Save oil!
Seen as a caption in many of the children's painting competitions- "Save Oil!" should be the motto of everyone around the planet. Personal automobiles should be used less. Public transport facilities should be ameliorated.
2- Go CFL!
Compact fluorescent light bulbs should replace the energy consuming electric bulbs. Likewise, age-old machines should make way for the modern energy efficient appliances.
3- Check vehicles!
What was the last time you neglected your bike/ car's poor average and mileage? Over-consumption should be kept under check by keeping your ride in good condition.
4- Search!
Search for new oil reserves might just buy us more time to think over and solve the impending crisis.
5- Fire and oil make a deadly combo...
Keep the oil refineries and reserves well protected from fire. Not only these accidental fires cause a loss of money and lives, they result in huge loss of the natural resources.
6- Encourage the solar cooker.
Don't mock the nuclear plant. It is a shy but bright kid. Kidding! Ok bad joke... I mean to say- we should slowly work towards establishing non-traditional sources of energy in our lifestyles. Nuclear energy still has a wide scope of application. Same with hydroelectric, solar, wind and other alternatives.
7- Turn off the lights, switch off the fans....
You're probably yawning reading this. This had been repeated so many times but still... you have to save energy in day-to-day affairs.
8- Spread awareness.
Yes, we need more campaigns. The chapters in our social-studies books have already told and retold us all these things but, there is a certain crowd that needs to be told about this in a more effective manner.
9- Smokeless and fuel efficient chulhas.
Here, in India, villages still rely on fuel wood and coal for their basic energy needs. The smokeless chulhas (stoves) go a long way in conserving wood from blind consumption.
10- Use Biogas.
We need more biogas plants. They, in my view, are the best and simplest alternatives in terms of energy cycling. Go biogas! So what if it doesn't smell like roses?
11- Population!
All these measures are of no or little use if the consumption still keeps growing. How about we put a check on population growth? We have been listening to this since the beginning! Do something! Take lessons from China!
12- Plant trees....
Again a well-known and over-discussed solution. We need more mass campaigns. More fuel wood trees and shrubs should be grown.
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Title Post: How can a poor developing country encourage foreign FDI?
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