Why do governments try to attract more foreign investment
Asked by admin @ in Social Sciences viewed by 301 People
Why do government try to attract more foreign investment ?
Answered by admin @
Government try to attract more foreign investment because
» It strengthens the economy of the country
» It increases foreign currency reserves so that payment of imports can be met.
» It enhances foreign exports
» It results in creation of more jobs
» Local companies will be benefitted from the increased competition. They invest in newer technology and production methods and raise their production activities.
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