Open AccessForeign Direct Investment and Social Sectors Development: A Review
Author(s) -
Sadia Idrees,
Nor’Aznin Abu Bakar
Publication year - 2019
Publication title -
pakistan journal of humanities and social sciences
Language(s) - English
Resource type - Journals
eISSN - 2709-801X
pISSN - 2415-007X
DOI - 10.52131/pjhss.2019.0701.0074
Subject(s) - foreign direct investment , developing country , proxy (statistics) , human development index , economics , context (archaeology) , social welfare , international economics , investment (military) , human development (humanity) , business , economic growth , politics , political science , macroeconomics , paleontology , machine learning , biology , computer science , law
Various studies in the past have examined the effect of foreign direct investment on economic growth, the key basic assumption common to these papers is that economic growth is a good proxy for welfare of both developed and developing countries. However, research on the influence of foreign direct investment on an expanded conception of socio-economic progress such as human development (measured by the human development index) is absent. This research paper presents the literature on foreign direct investment (FDI) and social sectors (health & education) development in the context of developing economies.