FOREIGN DIRECT INVESTMENT AND ITS IMPACT ON ECONOMIC GROWTH
Keywords:
Key words. Foreign direct investment (FDI), economic growth, capital inflow, technology transfer, productivity gains, infrastructure development, job creation, export enhancement, environmental damage.Abstract
Abstract. This article talks about the impact of FDI on economic growth, capital inflow, technology transfer, meanly, FDI facilitates the spread of advanced technologies and management experience from developed to developing countries. FDI helps to increase the productivity of labor and capital, which leads to an increase in production efficiency. FDI can be directed towards the development of infrastructure, which is an important condition for economic growth. FDI helps to create new jobs and reduce unemployment. It can contribute to the development of export-oriented industries and increase foreign exchange earnings.
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