Foreign direct investment occurs when a
firm invests directly in facilities to produce and/or market a product
in a foreign country. FDI is defined as investment made to acquire lasting interest in enterprises operating outside of the economy of the investor.
Foreign direct investment (FDI) is seen
as an instrument by which countries can gain access to the benefits of
globalization (Azim and Uddin 2001).
In recent years, FDI has received
singular attention in many developing countries. The close integration
of national economies, driven by worldwide competitive pressures,
economic liberalization, and the opening up of new areas of investment,
has helped many countries to attract FDI.
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