Multinational Corporation: A multinational corporation is a company that has operations in multiple countries. These corporations often engage in foreign direct investment to expand their global reach.
Host Country: The host country is the recipient of foreign direct investment. It refers to the country where the investment is being made and where the foreign company establishes its operations.
Economic Development: Economic development refers to sustained improvements in standards of living, income levels, and overall economic growth within a country. Foreign direct investment can contribute to economic development by creating jobs and stimulating economic activity.