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Analysis of McClearn’s Closed for Business
Journalism & Communication
Pages 5 (1255 words)
This essay is a summary and analysis of McClearn’s article, Closed for Business, which 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 causing confusing amongst investors by blocking some bids from foreign investors without clear explanations. The author concludes that Canada could be closed for foreign business. The author has supported the argument using evidence of various companies that have been prevented from investing in Canada without any explanations from the government. 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. Another argument to support the thesis statement is that the Canadian government under Prime Minister Pierre Trudeau introduced Foreign Investment Review Act (FIRA) in 1973 and the Investment Canada Act (ICA) in 1985. The two acts were supposed to aid in setting up guidelines to be followed by foreign investors. However, there were no changes in the application and endorsement process. ...
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