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by badminton1 3072 days ago
Many countries give short-term incentives to attract long-term foreign investment.

Some countries go as far as providing guarantees for investors in their constitution.

1 comments

Developing countries, sure, and they run a huge risk of propping up an unsustainable economy. Especially when those incentives run out.

Just look at how Argentina's incentives for Blackberry panned out: https://www.npr.org/2017/02/23/516895101/when-argentina-elec...

All investments have associated risks. e.g: Microsoft invested in Nokia and turned out bad, except for the acquisition of a substantial IP portfolio.