Many companies world are expanding their businesses past their countries bounders to other countries. This move is being taken by all players in an economy from education institutions such as universities to financial services companies such as banks. Many countries in the past were very protective of local industries by discouraging foreign investment as much as possible. Governments this days have considered and agreed to allow foreign companies to expand into their countries. This can be attributed to the numerous advantages of foreign investment such as.
Citizens of the country will have wide variety of employment vacancies. Businesses usually hire people who are close to its location. Thus the country resident will get employed and earn their wages and salaries from the business.
Improvement of the infrastructure. Foreign companies are known to partner with the country’s authorities to improve on the transportation and communication channels. The foreign company also pays fees and taxes to the government which will be invested in the economic growth and development of the country.
Provision of high quality goods and services. For example in education overseas campus are known to have high quality education. Hence the people of the country get exposed to … Read more