FDI is expected to help
a developing nation access part of the savings
of the develo ped world, thereby helping
to make up for the country’s dearth of
savings (Noorzoy, 1979). Furthermore, FDI
helps fill the domestic revenue-generation
gap in a developing economy, given that in
most developing countries, governments do
not seem to be able to generate sufficient
revenue to meet their expenditure needs.
FDI is said to be a vehicle for transfer of
technology – both the technology embodied
in goods, services, people, organizational
arrangements, and those embodied
in blueprints, designs, technical documents,
and in the content of innumerable
types of training.