Abstract:
Most developing countries lack the resources needed for investment to improve their economic situations, create jobs, and achieve long term economic growth and development. Foreign direct investment (FDI) can easily transfer capital from capital abundant regions to countries with a scarcity of capital. This is one of the strategies used to address the capital scarcity problem faced by most developing countries.
Description:
Prof Tafirenyika Sunde, Department of Accounting, Economics and Finance, NUST; Extraordinary
Professor in Trade and Development, North-West University, South Africa
