Foreign direct investment generally leads to technological advancements in poorer countries.

Question

Quizplus · Accepted Answer

Foreign direct investment (FDI) can bring in new technologies, processes, systems and management techniques to poorer countries. This can lead to the transfer of knowledge and skills, which may benefit local industries and help to increase their competitiveness in the global market. FDI can also create jobs, increase income, and stimulate economic growth in the host country, which can lead to further technological advancements.

Foreign Direct Investment Generally Leads to Technological Advancements in Poorer