Good news for investment; Venture capital should be globalized.(OPED)

From: The Washington Times | Date: June 7, 2002 | Copyright information

Byline: Ken Hagerty, SPECIAL TO THE WASHINGTON TIMES

"Venture capital" is a much-abused term that gets bandied about carelessly the world over. In China, a government-funded "venture capital" program collapsed in the 1980s when its real estate investments failed. In Congress, a House member recently called for "venture capital" to develop new deposits of natural gas. Neither of these projects would qualify for genuine venture capital, which is equity investment into, and...

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