It is now stylized that the importance of FDI for developing countries and emerging markets arise from the impact of the presence of multinational corporations (MNCs) in the host country on the productivity of the local firms, by way of technology diffusion and competition. There is also general...

It is now stylized that the importance of foreign direct investment for developing countries and emerging markets arises from the impact of the presence of multinational corporations (MNCs) in the host country on the productivity of local firms, by way of technology diffusion and competition....