Prospects for Turkey's inward foreign direct investment resurgence
Foreign direct investment (FDI) can provide a host country with important macroeconomic benefits, by financing the current account deficit and creating employment, and microeconomic benefits, by transferring new technology and creating spillovers.
Turkey, whose inward FDI (IFDI) surged during 2004-2007, was fortunate to ride the upward global FDI trend, which reflected the favorable high growth-low inflation conditions around the world. But with the outbreak of the global financial and economic crisis, FDI outflows from leading source-countries plummeted as major multinational companies cut back on both domestic and foreign investments, according to a report in Today's Zaman. >>More here
SOURCE: todayszaman.com
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