Gatekeep FDI to Build Capability

Unrestricted foreign investment can lock countries into low‑value roles and stall domestic upgrading. Historical successes imposed strict conditions—sector limits, local content, performance targets, and technology transfer—so foreign capital served national priorities. 'Good globalisation' means bargaining for capability gains, not just inflows. — This reframes globalization and development strategy around state bargaining power and capability building, guiding how policymakers should structure FDI in strategic sectors.