According to the pragmatic nationalist view, no country should ever pe

QUESTION

According to the pragmatic nationalist view, no country should ever permit foreign corporations to undertake FDI.

Indicate whether the statement is true or false.

ANSWER

FALSE
According to the radical view, no country should ever permit foreign corporations to undertake FDI, since they can never be instruments of economic development, only of economic domination. In practice, many countries have adopted neither a radical policy nor a free market policy toward FDI, but instead a policy that can best be described as pragmatic nationalism. The pragmatic nationalist view is that FDI has both benefits and costs.