ABSTRACT
In order to qualify for an OPIC investment scheme, which would help those requiring investment, any potential Third World developer must submit at least 25 per cent of the shareholding stock to the US investor. Effectively, this condition surrenders considerable control and power over the development to the investor. ‘There is no requirement that the foreign enterprise be wholly owned or controlled by US investors. However, in the case of a project with foreign ownership, only the portion of the investment made by the US investor is insurable by OPIC’ (1995: 3).
