“…With respect to SES, empirical evidence reveals that foreign direct investment (FDI) can generate durable and equitable wealth through technological transfer, innovation, industrialisation, forward and backward linkages, macroeconomic stability, employment, and poverty alleviation (Asongu & Odhiambo, 2020a;Opoku et al, 2019;Ofori & Asongu, 2021;Ofori et al, 2022b, Ibrahim et al, 2021Sakyi & Egyir, 2017). Additionally, FDI has the potential to foster equitable income growth and distribution through economic complexity by way of enhancing private-sector competition, global value participation, and foreign exchange (Anetor et al, 2020;Fauzel et al, 2015;Ucal, 2014;Krugman & Obstfeld, 2009).…”