The pro-JUICE party argues that Zimbabwe needs to attract foreign - TopicsExpress

The pro-JUICE party argues that Zimbabwe needs to attract foreign investment by selling its capital assets to foreigners, in order to “balance its payments.” Such an approach can be compared to a previously wealthy family selling off its antique furniture and silverware in order to maintain its lavish lifestyle. The problem with this approach is that when a country sells off its capital assets, this negatively affects the nation’s finances in the future, as “rents and dividends” increasingly hemorrhage out of the country.

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