BUSINESS ABROAD: Turkey Opens the Door

Turkey has set a notable example for countries in search of U.S. capital. Instead of putting up barriers to private investment, such as have been erected in many countries, Turkey has torn them down.

On the day he departed for his month-long tour of the U.S., Turkey's President Celal Bayar pushed through the Grand National Assembly a law designed to attract private U.S. money. The law guarantees foreign investors the right to take 100% of their profits out of the country, and 100% of their principal, too. Another evidence of Turkey's hospitality toward...

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