The effect of foreign direct investment on capital accumulation in developing countries

Emako, Ezo; Nuru, Seid; Menza, Mesfin

doi:10.1080/21665095.2023.2220580

Cited by 3 publications

(2 citation statements)

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“…MNCs benefit from FDI as a means of expanding their footprints into international markets. 4 Developing countries have encouraged FDI as a means of financing the construction of new infrastructure and the creation of jobs for their local workers [7]. FDI has played a crucial role in Cambodia's economic growth.…”

Section: Literature Reviewmentioning

confidence: 99%

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Topical issues of the formation of an effective economic and social policy in Cambodia

Liv,

Tregub,

Fedyunin

2024

Upravlencheskie nauki

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Cambodia, currently classified as a lower-middle-income developing country, aspires to reach upper-middle-income status by 2030. To achieve this ambitious goal, the Cambodian government has embraced an open market economic system and prioritized attracting foreign investments as well as encouraging final consumption expenditure (FCE) and stimulating the level of industries, including construction. This study aims to find out the influences of the fluctuations of foreign direct investment (FDI), FCE, and industry (including construction) (IIC) on gross domestic product (GDP) growth in Cambodia and to identify the key factors that can increase FDI, FCE, and IIC growth. The study employs descriptive and correlational analysis, mainly focusing on statistical analyses by constructing an econometric model. The results indicate that Cambodia’s GDP is directly and positively impacted by the FDI, FCE, and IIC, according to the analysis of the specification of the econometric model using a linear mathematical equation. The study concludes that the Cambodian government’s attention to strategic policies and initiatives in promoting FDI, FCE, and IIC, ultimately leading to a higher overall economic growth rate, is crucial. Factors such as political stability and governance, regulation and legal framework, infrastructure, human capital development, market access, publicprivate partnership, fiscal policy, and social protection should be at the forefront of the Cambodian GDP development roadmap.

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Section: Literature Reviewmentioning

confidence: 99%

“…This estimation does not account for natural resource depletion or damage to manufactured assets. 7 Cambodia's industrial sector has been 6 Better Factories Cambodia. International Labour Organization.…”

Section: Literature Reviewmentioning

confidence: 99%

Topical issues of the formation of an effective economic and social policy in Cambodia

Liv,

Tregub,

Fedyunin

2024

Upravlencheskie nauki

View full text Add to dashboard Cite

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The impact of migrant remittances on economic development: empirical evidence from the developing world

Khan

2024

J. Soc. Econ. Dev.

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Catalysts of Innovation

Jain,

Roy

2024

Unleashing the Power of Basic Science in Business

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India's development trajectory hinges upon its ability to leverage technological advancements, foster innovation, harness scientific assessments to address pressing societal challenges and translate them into sustainable commercial success. Prioritized investments in basic science research offer valuable, diverse, tailored and evidence-based perspectives that drive commercial payoffs. It paved pathways to new business models and encompassed sustainability transformations. The three-dimensional sustainable development goals, i.e., economic, environmental, and social, are the core of this endeavour. This chapter explores the pivotal role of funding basic science in India, underlining its potential to catalyse long-term sustainable commercial payoffs and propel the nation towards economic prosperity.

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The effect of foreign direct investment on capital accumulation in developing countries

Cited by 3 publications

References 51 publications

Topical issues of the formation of an effective economic and social policy in Cambodia

Topical issues of the formation of an effective economic and social policy in Cambodia

The impact of migrant remittances on economic development: empirical evidence from the developing world

Catalysts of Innovation

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