McClearns losed for Business - Article Example

Analysis of McClearn’s Closed for Business Introduction McClearn, Matthew article Closed for Business focuses on increased restrictions on foreign investors by the Canadian government especially after the recent financial crisis. The core argument or the thesis is that the Canadian government has been blocking foreign investors, which indicated that the country is closed for foreign business. The author has supported the argument using evidence of various companies that have been prevented from investing in Canada.

Moreover, the author argues that Prime Minister Visit to china to encourage investors from china to invest in Canada has been received as a threat by American investors. Additionally, the Canadian government appears to be contradicting the prime ministers statement by rejecting bids from foreign companies wanting to invest in Canada. Summary According to McClearn Canada was built using money obtained through the foreign investors. British investors financed the building of railways, buildings, canals and most of the infrastructures while American Industrialist was responsible of building most industries and manufacturing plants.

Over the past, Canada has always been open and allowed foreign companies to invest. Around February, the Canadian prime minister personally visited China to inform the Chinese government that Canada was open for foreign investment. However, things have changed rapidly, Canada has been vetting foreign company, and a considerable number of foreign companies have been prevented from Investing in Canada. Such companies include Malaysia Petroliam Nasional Berhad (Petronas) and Lowe’s. Furthermore, there is fear that the Canadian government will reject the offer for Nexen by China National Offshore Oil Corp.

Moreover, the Canadian Government has been showing mixed signals. McClearn views such moves as a threat to foreign investors since it appears like the Prime minister, Stephen Harper is contradicting himself.