# content
Depreciating currency has other effects, too - assets such as land and immovable capital goods become cheaper for foreign investors (and locals with foreign assets) to invest in.

Importing less-than-law-abiding cheap labour has the opposite effect - bids up property prices, crowding out new productive uses for it, whilst making the labour cheaper yet less productive (a key aspect of competitiveness).

# _misskey_content
Depreciating currency has other effects, too - assets such as land and immovable capital goods become cheaper for foreign investors (and locals with foreign assets) to invest in.

Importing less-than-law-abiding cheap labour has the opposite effect - bids up property prices, crowding out new productive uses for it, whilst making the labour cheaper yet less productive (a key aspect of competitiveness).