Foreign investment threatens jobs and environment in developing countries.
The article discusses how foreign investment affects the development of Third World countries. It looks at whether attracting multinational corporations helps or harms these nations. The researchers studied the impact of foreign investment on growth, jobs, exports, technology, and income distribution. They also examined the risks of environmental pollution and the role of international companies in reducing financial risks. The findings suggest that direct corporate investment could potentially fill the gap in commercial bank lending in the next decade.