Foreign Direct Investment Sparks Inter-Industry Tech Transfer Revolution
The article explores how foreign companies bring new ideas to other industries, not just their own. While many studies have shown little benefit from foreign investment, this may be because they haven't looked at how ideas spread between different types of businesses. Foreign companies might not share their secrets with local competitors, but they are more likely to help other industries grow. This research suggests that focusing on these inter-industry spillovers could lead to better policies for attracting foreign investment in the future.