In Europe in 2006,there was a hostile political reaction to the attempted takeover of Europe's largest steel company,Arcelor,by Mittal Steel,a global company controlled by the Indian entrepreneur Lakshmi Mittal.In mid-2005 China National Offshore Oil Company withdrew a takeover bid for Unocal of the United States after highly negative reactions in Congress about the proposed takeover of a "strategic asset" by a Chinese company.These incidents are evidence to the fact that:
A)FDI flow from developing countries to developed ones is largely unwelcome.
B)developed countries do not feel the need to court FDIs.
C)developed nations,to a far greater extent,are hostile to FDI than developing nations.
D)hostile reactions to inward FDI are not restricted to developing nations.

Question

Quizplus · Accepted Answer

There is recent evidence of the beginnings of what might become a shift to a more hostile approach to foreign direct investment.Venezuela and Bolivia have become increasingly hostile to foreign direct investment.In some developed nations,too,there is increasing evidence of hostile reactions to inward FDI.

In Europe in 2006,there Was a Hostile Political Reaction to the Attempted