[hammock]

> Don't forget that resorts et al typically belong to international capital. What does the local economy get out of it?

Same goes for any natural resource. Oil, precious metals, water, etc. Globalization feeds this behavior, but that’s a conversation people don’t usually want to have

[sofixa]

> Same goes for any natural resource

No, in most cases the contract stipulates profit/revenue sharing. E.g. Orano's uranium mines in Niger had 50% of all revenues going to the Nigerien government. In other cases it's much lower (e.g. Dundee Precious Metals in Bulgaria pay 10% of profits to the state).

[hammock]

Imagine thinking you can build an all inclusive resort or other 8fig+ development in a foreign backwater and NOT kick back revenues to the local mafia. Couldn’t be me. Good luck with that

Even Zuckerberg paid in an extra 10% ($20 million)over and above his land costs to fund affordable housing, conservation and a jobs program in Kauai to get the deal done

[dzhiurgis]

Whats a fair share then? Should investors just return all profits to host country out of their kindness of their hearts?

[thrance]

0%? Foreign corporations should probably not be able to bribe their ways into getting unlimited concessions: that's imperialism.

[6P58r3MXJSLi]

> Whats a fair share then?

I thought it was implied in the question "What does the local economy get out of it?"

A fair share is when the local economy gets out of it what the local economy needs/wants.