Foreign Direct Investment ( Fdi )

2784 Words Jun 16th, 2015 12 Pages
Without a shred of doubt, globalization has deepened over the years and does not presently show any credible signs of halting. According to the IMF for example;
• As a percentage of the world’s GDP, the value of cross-border trade increased from 42.1% in 1980 to 62.1% in 2007.
• Foreign Direct Investment (FDI) improved from 6.5% of the world’s GDP in 1980 to 31.8% in 2006.
• In terms of minutes spent on international telephone calls, there was a per-capita increase from 7.3 in 1991 to 28.8 in 2006.
• In terms of foreign workers, the numbers have increased from 78 million people (constituting 2.4% of the global population) in 1965 to 191 million people (which constituted 3.0% of global population) in 2005.

The integration of national economies and the promotion of cultures internationally have contributed enormously to making the world a better place. When countries trade amongst themselves; naturally it means that the export markets for all of such countries have been massively expanded. The consequence of this includes the creation of millions of jobs worldwide, remarkable increase in export revenue and expansion of tax revenue base for national economies. The cross-border sharing of knowledge and ideas promote the human resource development around the world and similarly entrenches the capacities of countries to collaborate to solve common problems. In all, globalization has been dominant in helping countries to develop and in providing peoples across the world with a…

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