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Instability in the rest of the region has diverted capital, commerce and people to the emirate.
For more than five decades, federal tax incentives created an artificial manufacturing sector and diverted capital from Puerto Rico's true comparative advantages.Even after these gargantuan tax breaks disappeared in 2006, the island's policymakers refused to believe that this subsidy was responsible for the existence of the now dying industry.
In 1993 Sondhi decided to build a chain of three-star hotels in remote parts of China;an interesting idea, perhaps, but it diverted capital and management resources away from a media business that was not yet throwing off cash.
At roughly the same time that the Bullfrog mines were running out of high-grade ore, the 1906 San Francisco earthquake diverted capital to California while interrupting rail service, and the financial panic of 1907 restricted funding for mine development.
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Every minute that they stay in business, they divert capital that would be better invested elsewhere.
They feared that Ferris would divert capital into the other divisions until the airline was a rump operation and then start cutting jobs.
"We can't divert capital we need for schools and hospitals to Royal Mail – a very large business making substantial profits," Fallon said.
"There are scores of hospitals that are slowly asphyxiating and slipping into insolvency," the report said, "as they divert capital dollars to fund operations.
Control of regional mines and resources became increasingly dominated by national corporations rather than local people and organizations, diverting capital outside of Spokane and decreasing growth and investment opportunities in the city.
He called for money to be diverted from capital projects.
By contrast, local Chinese investment in Shanghai's industry was minimal until World War I diverted foreign capital from China.
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