Foreign Direct Investment and Social Sectors Development: A Review

Various studies in the past have examined the effect of foreign direct investment on economic growth, the key basic assumption common to these papers is that economic growth is a good proxy for welfare of both developed and developing countries. However, research on the influence of foreign direct i...

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Bibliographic Details
Main Authors: Abu Bakar, Nor Aznin, Idrees, Sadia
Format: Article
Language:English
Published: iRASD 2019
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/28250/1/PJHSS%207%201%202019%2093%20105.pdf
Description
Summary:Various studies in the past have examined the effect of foreign direct investment on economic growth, the key basic assumption common to these papers is that economic growth is a good proxy for welfare of both developed and developing countries. However, research on the influence of foreign direct investment on an expanded conception of socio-economic progress such as human development (measured by the human development index) is absent. This research paper presents the literature on foreign direct investment (FDI) and social sectors (health & education) development in the context of developing economies.