Foreign direct investments are very important especially for developing economies like the Philippines. The country needs private funds in infrastructure, power generation, tourism and manufacturing to generate jobs and improve wages. Such investments are more desirable because these stay longer, create employment and bolster economic growth. In contrast, short-term foreign portfolio investments, or “hot money” are pulled out of the economy easily, as these are invested mainly in the local stock market and do not add
Foreign direct investments are very important especially for developing economies like the Philippines. The country needs private funds in infrastructure, power generation, tourism and manufacturing to generate jobs and improve wages. Such investments are more desirable because these stay longer, create employment and bolster economic growth. In contrast, short-term foreign portfolio
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