Empowering Communities: A Systematic Review of FDI Initiatives for Skill Development and Local Capacity Building

Samuel Yeboah

MPRA Paper from University Library of Munich, Germany

Abstract: Foreign Direct Investment (FDI) has emerged as a significant driver of skill development and local capacity building within host countries. This systematic review explores the mechanisms through which FDI initiatives contribute to skill enhancement, knowledge transfer, and the overall development of local talent and economies. By examining various channels of knowledge exchange, including training programs, joint ventures, technology licensing, mentorship, research collaborations, and more, this review provides insights into the dynamic synergy created when global expertise meets local talent. The review highlights the multifaceted benefits of FDI for communities, including improved competitiveness, innovation, and sustainable growth. Through a systematic and comprehensive analysis of existing literature, this review sheds light on the pivotal role FDI plays in empowering communities and fostering continuous development. Policymakers, scholars, and practitioners seeking to leverage FDI for local capacity building will find this review to be a valuable resource.

Keywords: Skill Development; Local Capacity Building; Knowledge Transfer; Training Programs; Joint Ventures; Technology Licensing; Mentorship; Research Collaborations; Empowerment; Sustainable Development; Innovation; Global Expertise; Local Talent; Community Development (search for similar items in EconPapers)
JEL-codes: F21 F23 H8 I25 O32 O33 O35 O38 (search for similar items in EconPapers)
Date: 2023-07-12, Revised 2023-08-20
New Economics Papers: this item is included in nep-cse, nep-int and nep-sbm
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