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LAND OWNERSHIP AND FOREIGN INVESTMENT – Keeping foreigners out serves whose interests?

December 1st, 2009 · No Comments

Preventing foreigners from owning land and property in Thailand does many things: it protects powerful Thai landlords and agricultural monopolies, forces overseas investors to consider setting up shop in other regional markets, drives Thai capital from the country and provides a pool of nationalist bile for tub-thumping politicians to draw on and whip up a frenzy of anti-foreigner sentiment at the drop of a hat.

What it does not do, however, is support the development of a sustainable and competitive local economy. Read more…

Tags: Bangkok Post · business · economy · opinion · politics · property

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