vera_k wrote:So what's the problem if the big boxes aren't going to be a success? I posted earlier that the big box model is on the way out even in the US due to the rise of online shopping. Why not take the money the newcomers will invest and run figuratively speaking?
Because it will destroy both the producer and consumer side of the economy.
For example, walmart will not put movies on its shelf which does not cater to its christian tastes. And the diversity of food is lost, particularly the supply side of the food - and no it does not lower costs., it just concentrates wealth in few suppliers. So it will not be "take the money"., since by the time the money is taken, the scene would have changed and not necessary for good.
What Govt. needs to concentrate on more, rather than do FDI, is to work on several structural issues in Legal (Judiciary), Education, Health, Infrastructure and Energy.