Analysis of foreign direct investment determinants in Colombia during 1970-2023

Abstract

In the global economic field, FDI has emerged as a critical driver of growth, prompting significant interest and scrutiny from scholars, policymakers and investors. Over the past decades, FDI inflows have been viewed as catalysts for economic development in host countries, underpinned by the belief that they bring about positive externalities such as knowledge transfer, technological diffusion and enhanced productivity; some countries that illustrate such case are: Singapore, South Korea, United States, Spain and Germany.