THE ROLE OF FOREIGN INVESTMENT IN THE DEVELOPMENT OF HIGH-TECH INDUSTRIES
- 1. teacher of SamIES
- 2. Student of SamIES
Description
Foreign investment plays a crucial role in the development of high-tech industries by providing capital, advanced technologies, and managerial expertise. These industries, which include sectors such as information technology, biotechnology, nanotechnology, and renewable energy, are pivotal for economic growth and competitiveness in the global market. The involvement of foreign investors facilitates technology transfer, fosters innovation, and contributes to the creation of a highly skilled workforce. This article explores the role of foreign direct investment (FDI) in the growth of high-tech industries, examines the benefits and challenges it brings to the host countries, and provides insights into how effective policy frameworks can maximize its potential to drive sustainable development.
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References
- 1. Blomström, M., & Kokko, A. (2003). The Economics of Foreign Direct Investment Incentives. International Journal of the Economics of Business, 10(1), 77-99.
- 2. Asiedu, E. (2002). On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different? World Development, 30(1), 107-119.