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Foreign investment in Third World countries

By Serge Kreutz

One can't keep one's riches beyond one's death, and rich, or just well-heeled, men often are willing to spend their money in an economically unwise manner, if nevertheless, this is conducive to optimal sexual experience. What typically isn't reflected in official statistics is the extent to which money is allocated in a way that gives those who decide on it an excuse for being at a location where they want to be (because of the optimal sexual experience that can be found there).

There are two kinds of foreign investment.

The first kind is placed only under consideration of an optimal financial return. This kind of foreign investment often heavily favors the investor, and often is of little long-term advantage to the place where the investment is made. Profits and most assets are repatriated.

Such investments typically can only be obtained with wide-ranging free trade concessions. But free trade, more often than not, is a disadvantage for underdeveloped countries. Local businesses typically are not able to compete with international players with established production processes.

All East Asian economies that developed from agricultural societies into industrialized ones (Japan, Taiwan, South Korea) did so by keeping foreign competitors out and by protecting local producers.

A different kind of foreign investment is done in spite of adverse conditions (no free trade, no repatriation of profits). This kind of foreign investment is only available from those who invest in a country primarily because they like to be there.

There were many American businessmen who settled in the Philippines in the 70s because the country had so much to offer in terms of sexual experience. And for the same reason, Thailand has a huge number of foreign residents.

Early after World War II, Japan was attractive for the same reason. One may read historical accounts on the lifestyle of European men in East and Southeast Asia (written not now, but during the time with which they deal) to know about the sexual gratifications that were available. One could understand why a small and difficult business in Asia or Southeast Asia was so much better than a much bigger and more successful one in Europe

The key for country-committed foreign investments is that the country offers a high quality of life. Not luxury, but personal freedom.

The most important aspect of a high quality of life still is, and will always be, the ease with which people can engage in sexual relationships. And yes, even illicit sexual relationships.

This is not a recommendation for prostitution. Prostitution is the providing of paid sexual services in an indiscriminate and highly promiscuous manner. A young woman who enters a sexual relationship with a rich man whom she would happily marry is not a prostitute, even if the sexual relationship is temporary, and even if she derives material benefits from it.