Foreign Direct Investment: How It Shapes Developing Nations
Foreign Direct Investment: How It Shapes Developing Nations. Published on: wapdat25.blogspot.com Foreign Direct Investment (FDI) is considered as one of the significant drivers of economic growth in developing countries. It brings capital, technology and expertise to help fill investment gaps, create jobs and stimulate productivity. Official development assistance and remittances received by the African continent rose by 75% to $97 billion and $100 billion respectively in 2023, which is higher than official development assistance or FDI inflows for the same year, respectively Africa received an impressive fold increase in FDI of $97 billion in 2023, while the remittances received from the diaspora from 31 million people of which the estimated amount was about $100 billion in the same year surpassed official development assistance and FDI inflows for the same year, respectively. However, it's not quite that simple. FDI does not automatically cure all the ills of a nation. Its effect...