What do you mean by Foreign Direct Investment? Briefly explain the advantages of Foreign Direct investment.

Foreign Direct Investment (FDI) refers to an investment made by a company or individual from one country into business interests located in another country. It usually involves acquiring a lasting interest or significant degree of control in a foreign company. This control is often shown by owning at least 10% of the company's shares or voting power. FDI can take several forms, such as establishing new business operations (known as greenfield investment), acquiring existing businesses, or forming joint ventures with foreign companies.

FDI plays a vital role in globalization by connecting economies across the world. It facilitates the movement of capital, technology, and skills from developed countries to developing countries, thereby promoting economic growth and integration in the global _____ ________ _______ ________ ____ ______ _____ ________ ________ ______ ___ ___.
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