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(b) In March 2020, the Australian Treasurer announced that the Foreign Investment Review Board (FIRB) would assess all foreign proposals to acquire Australian firms. He
(b) In March 2020, the Australian Treasurer announced that the Foreign Investment Review Board (FIRB) would assess all foreign proposals to acquire Australian firms. He said in a statement that These measures are necessary to safeguard the national interest as the coronavirus outbreak puts intense pressure on the Australian economy and Australian businesses. (Reuters March 30, 2020). 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. (5 points; 250 words)
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