According to many studies, Foreign Direct Investment (FDI) has had a positive effect on economic growth. Thomas et al. (2008) discussed that multinational companies are more successful in developing new products and technologies than local companies, thus exerting competitive
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An Introduction to Empiric Approach to the Resource Curse Phenomenon in Small Island Developing States (SIDS)
The dependence on natural resources exports and its effects on economic growth represent one of the fields of study in political economy. This paper represents an empiric analysis of sets of macroeconomic data for several Small Island Developing States (SIDS)
This article concludes that the MINT countries may have a significant role in international relations as regional powers, but they do not have the economic or political traits necessary to challenge the BRICS countries significantly.
Every country seeks to encourage its economic growth yet, it is impossible to do so without an important factor – capital.