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Funding a business
Can Foreign Funding Help To Stop Poverty In A Country?
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[QUOTE="Caramelle, post: 216926, member: 150"] [JUSTIFY]The term foreign funding could have different meanings. It could refer to foreign funds assistance that comes for free but has conditions attached. Such foreign funding may or may not be helpful in alleviating poverty depending much on the country's existing conditions prior to the money grant. As for foreign investments in business, I think it is already a given that such investments bring employment and dynamism to a country's economy regardless of its status. My country, for instance, has been benefiting much from its status as a haven for business process outsourcing. It has been a preferred venue for call center services by many large global companies for the past two decades. The BPO industry has created employment opportunities for its citizens and it is still growing at this stage. It has helped in alleviating poverty by providing jobs and giving hope and optimism to young people and their families. However, our laws prohibit foreign investment in certain areas and types of businesses including small-scale mining, utilization of marine resources, mass media, security guard services, and the practice of some professions. Such prohibitions were established to ensure that our natural resources will be developed by local businesses, that they will be used primarily to benefit our own people, and protect our national security. [/JUSTIFY] [/QUOTE]
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Can Foreign Funding Help To Stop Poverty In A Country?
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