Other
Foreign investment and the popularity test: Does GrainCorp set a new precedent?
The Conversation
The Conversation Media Group
2013
Abstract
At any other time, Friday’s decision by treasurer Joe Hockey to reject Archer Daniels Midland’s (ADM) A$3.4 billion takeover bid for GrainCorp might have been just another controversial foreign investment decision.
Indeed, were it not for a widely reported split in the Coalition over the proposal, the decision may not have made it out of the business section of the national press.
However, inserted within the ADM-GrainCorp decision was a never-before-seen rationale for rejecting a foreign investment: the tenor of community attitudes and level of popular support. This seemingly minor caveat may radically change the way in which foreign investment reviews are conducted by the Coalition government in coming years.
Details
- Title
- Foreign investment and the popularity test: Does GrainCorp set a new precedent?
- Authors/Creators
- J.D. Wilson (Author/Creator)
- Publication Details
- The Conversation
- Publisher
- The Conversation Media Group
- Identifiers
- 991005542417507891
- Copyright
- The Author
- Murdoch Affiliation
- Asia Research Centre
- Language
- English
- Resource Type
- Other
- Publisher URL
- http://theconversation.com/au
- Resource Sub-type
- Nonrefereed Article
Metrics
31 Record Views