Is Foreign Direct Investment (Fdi) Necessary for Economic Development?
TABLE OF CONTENTS
Introduction 2 Definition of economic development 2 Economic development process 3 General notions of Foreign Direct Investment (FDI) 3 FDI in Asia 4 FDI in Thailand 5 How FDI effected to economic development in Thailand? 6 FDI relationship in two important sectors of Thai industry 7 Electronics 8 Automobiles 9 Conclusion 10 Bibliography 11 Tables and Figures 11
Is Foreign Direct Investment (FDI) necessary for economic development?
Discuss in relation to two sectors.
Introduction
The economic development is a classic word that we always hear anywhere because of highly demand of human being. This is primary that economic development could make any country the overwhelming power against poverty. On the other hand, the objective of the economic development is to raise the life-standard of ordinary people. Economic development in other aspects is the prosperity of the country as a result of the expansion of investment.
Definition of economic development
Economic development, according to Harvard Professor Michael E. Porter is the "long-term process of building a number of interdependent microeconomic capabilities and incentives to support more advanced forms of competition." These capabilities and incentives, which were mentioned in Porter 's The Competitive Advantage of Nations, 1990,cover the attribute of the materials that small enterprises need to come up with the products and services; the regulations; the level of competition in that sector.
Whereas the Council on competitiveness defined that economic development has indefinite word can explain the meaning. Term of objectives can be used to enlighten economic development. They give a description of creating businesses, wealth, and also include all the processes that related to enhance the economic system for uplifting the standard’s life. Economic development composes of three crucial points. First of all, policies of the government consistently
Introduction 2 Definition of economic development 2 Economic development process 3 General notions of Foreign Direct Investment (FDI) 3 FDI in Asia 4 FDI in Thailand 5 How FDI effected to economic development in Thailand? 6 FDI relationship in two important sectors of Thai industry 7 Electronics 8 Automobiles 9 Conclusion 10 Bibliography 11 Tables and Figures 11
Is Foreign Direct Investment (FDI) necessary for economic development?
Discuss in relation to two sectors.
Introduction
The economic development is a classic word that we always hear anywhere because of highly demand of human being. This is primary that economic development could make any country the overwhelming power against poverty. On the other hand, the objective of the economic development is to raise the life-standard of ordinary people. Economic development in other aspects is the prosperity of the country as a result of the expansion of investment.
Definition of economic development
Economic development, according to Harvard Professor Michael E. Porter is the "long-term process of building a number of interdependent microeconomic capabilities and incentives to support more advanced forms of competition." These capabilities and incentives, which were mentioned in Porter 's The Competitive Advantage of Nations, 1990,cover the attribute of the materials that small enterprises need to come up with the products and services; the regulations; the level of competition in that sector.
Whereas the Council on competitiveness defined that economic development has indefinite word can explain the meaning. Term of objectives can be used to enlighten economic development. They give a description of creating businesses, wealth, and also include all the processes that related to enhance the economic system for uplifting the standard’s life. Economic development composes of three crucial points. First of all, policies of the government consistently
Bibliography: Tables and Figures Table 1: Distribution of FDI flow among economies, by range, 2010………………………..4 Figure 1: FDI inflows, 2000-2010……………………………………………………………..5 Figure 2: FDI outflows, 2000-2010……………………………………………………………5