To add a thought, invitations to foreign companies and investments can drown out local cultures with foreign personalities. This can be detrimental to what makes the country special and reduces the purpose of why they should ever prosper.

I'm not sure I follow your reasoning. What is that purpose?

I though it was so the people of the country have better lives.

I believe parent meant "why they would prosper".

Essentially: if you turn your country into {other country, except with cheaper labor}, then you kill the uniqueness of your national identity. Which is one of the biggest assets you ultimately have in international trade, if all countries were economically alike.

Thanks for the correction and elaboration. I could not have done it myself.