FDI does not automatically translate to net foreign exchange inflows. To start with, many multinational and transnational “investors” borrow money locally at favorable interest rates and thus finance their projects. This constitutes unfair competition with local firms and crowds the domestic private sector out of the credit markets, displacing its investments in the process.
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In publicly traded companies, governance is achieved through the Board of Directors. They establish various governance committees to get the job done. They also set up high level rules and processes for senior management to follow. The interests of shareholders are also protected by the Board of Directors. When it comes to setting technology direction, similar core committees and high level rules and processes are set up by the architecture group to determine priorities for the technology organization. When technology decisions need to be made in line with the company’s strategic objectives, while … Read More