To develop and flourish, a modern economy requires a massive amount of capital goods. So that developing countries actively look for foreign direct investment to strengthen industrial competitiveness and improve their growth prospects. Developing countries, emerging economies and countries in transition increasingly search for foreign direct investment as a source of economic growth and development, modernization and employment generation. Foreign investment can also do much for productivity—by providing access to new technologies, management expertise and export markets. This paper explores the performance of foreign direct investment in selected Asian countries and evaluates the contribution of foreign direct investment in economic growth. Issues like—why foreign direct investment need investment climate and foreign direct investment inflows in India are also discussed in the paper.
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Volume (Year): II (2005) Issue (Month): 3 (August) Pages: 68-76 Download reference. The following formats are available: HTML
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Handle: RePEc:icf:icfjie:v:02:y:2005:i:3:p:68-76
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