Role of foreign investment in development of a nation
There lived a monkey in an island. Once, there were rains and floods. Water accumulated everywhere and so, the monkey had to climb up the tree as otherwise he would have drowned. As he was up on the tree, he noticed an animal in the waters. Concerned about him, monkey risked his life to take it out of water to prevent the animal from drowning. While the monkey was holding the animal, he saw the animal flopping in his hand in the beginning. Monkey thought that the animal is flopping in happiness because he was just saved from drowning. After a while, the animal stopped moving and the monkey thought that the animal went to sleep. The animal was a FISH and it had just died prematurely. When discussing the importance of foreign investment on development of a country, this story comes to my mind. There have been a large number of instances of furtherance of foreign investment where foreign investment has helped in development of countries, such as many European countries. However, equal number of instances exists where the furtherance of foreign investment has resulted in death of the country’s economy and investment has failed to serve its purpose, such as in many African countries. The issue is that the foreign investment might be a good endeavour but can prove to be futile in absence of understanding of the country’s people, the country’s past and the country’s economy.