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International Financial Management - Assignment

   

Added on  2021-05-30

7 Pages1397 Words29 Views
Running head: INTERNATIONAL FINANCIAL MANAGEMENTInternational Financial ManagementName of the Student:Name of the University:Authors Note:

INTERNATIONAL FINANCIAL MANAGEMENTReferenceReference1Table of ContentsFDI:............................................................................................................................................2Impact of FDI on the Living wages:..........................................................................................3Signing of the declaration of Philadelphia:................................................................................4Reference....................................................................................................................................6

INTERNATIONAL FINANCIAL MANAGEMENTReferenceReference2FDI:The Foreign Direct Investment is often termed as the vehicle of the economicdevelopment of any country. The reason behind this is that with the advent of the ForeignDirect Investment within the country several other elements are being injected into theeconomy like capital, technology, management know-how, jobs and the access to new jobsfor the population of the country (Titman et al. 2017). With the advantages and the benefits that are being received by a country from the ForeignDirect Investment and the advent of the multi-national companies within the country there,are several problems that have also being invited in to the country? These include the MNEstaking undue advantage of the low wages and the subpar working standards FO thedeveloping countries (Deresky 2017). The multi- national companies have also been accusedand found to violate several human rights in the countries wherein the government fails toeffectively and efficiently employ the rights of its citizens in this respect. Primarily the Foreign Direct Investment refers to the investment that is being made foracquiring a lasting interest by an entity that is resident in one economy in an enterprise that isresident in some other economy. The only stipulation being that the entity that is making theinvestment must be able to exercise direct control over the management and the assets of theentity in which the investment is being made. In the recent period that is in the time of somedecades the importance of the foreign direct investment has increased substantially in thecontext of the global economy (Moutinho and Vargas-Sanchez 2018). The percentage that isbeing contributed by the FDIin the global GDP rose from 5% in the year 1980 to 25% in theyear 2006. The major participant in the growth of the Foreign Direct Investment is the

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