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Category:
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Date Created: 2022-05-06
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Date Updated: 2024-03-03
Audience activity: 20
Views per video: 642
Advantages of FDI in Ethiopia
Boost in Economy: One of the major significant reasons a country (especially a developing nation) attracts foreign direct investment is due to the creation of jobs. FDI increases the production and services sector, which creates jobs and helps to decrease unemployment rates in the said country. Elevated employment explicates higher incomes and awards the population with added buying powers, advancing the overall economy.
Human capital expansion: Human capital is concerned with the knowledge and subsistence of any workforce. Employees’ various skills gained through different training and practices can advance a particular country’s education system and human capital. Through a prolonged impact, it helps to train individual resources in other areas, trades and companies.