The Role and Importance of Foreign Investors in the Development of a Country’s Economy
Keywords:
FDI, economic development, transformative impact, knowledge, expertise, technology, business asset, foreign enterpriseAbstract
In an increasingly globalized economy, the role of foreign direct investment (FDI) cannot be understated. Understanding the foreign direct investment definition is crucial for grasping how countries attract external investment and the impact this has on their economic development. FDI refers to the investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the foreign country, including relationships, management, and control. Its significance lies not just in the transfer of funds but also in the exchange of knowledge, expertise, and technology, which collectively contribute to the economic growth of the recipient country.
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