For example, Asians had vast knowledge in IT sector and this knowledge was transferred to other countries of the world. FDI offers developing countries with cheap access to new technologies and knowledge thus improving their technological capabilities and ability to compete with others in the global markets. FDI assumes the responsibility of creating new jobs as well. As new firms establish their corporations in host countries, they create new jobs and opportunities. In 1997, it was estimated that close to 27 million jobs in developing countries were directly created by FDI. A real case is a Botswana where between 2003 and 2009, LionOre mining company from Canada created the highest number of jobs of about 4667. In addition, it was also reported that for job directly created by FDI, about 1.7 other jobs were indirectly created. The created new jobs increase the income of the workers and leads development of competition. New jobs also raise the buying power of the population which in turn boosts the economy of the host country. However, FDI is often attracted to developing countries with more and highly skilled and literate labor force. FDI will only increase the growth of an economy if the level of education in the host country is high. FDI also offers most women with employment in developing countries. With the increase in salaries, the employed citizens access better lifestyle and more facilities. Benefits of Foreign Direct Investment.
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