Why is FDI vital for developing countries?

Foreign Direct Investment (FDI) plays a crucial role in the economic growth of developing countries, particularly in sectors like the apparel industry. FDI helps in the transfer of capital, technology, and expertise that are essential for modernizing industries, creating jobs, and fostering competition. For countries with limited domestic investment, FDI becomes an important source of financial resources, enabling them to finance new _____ ______ ________ _________ ________ ___ ____.
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