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Financial advantage to foreign bidders for australian firms

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In March 2020, the Australian Treasurer announced that the Foreign Investment Review Board would assess all foreign proposals to acquire Australian firms. He stated, 'These measures are necessary to safeguard the national interest as intense pressure has been put on the Australian economy and Australian businesses'. Evaluate the argument that the Australian government should impose restrictions because a depreciation of the Australian dollar offers a significant financial advantage to foreign bidders for Australian firms/assets.

Reference no: EM132554465

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