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Understanding Root Causes and their Impact on Attracting Foreign Direct Investment (FDI)
Good Morning and Introduction
In this session, we started with a good morning greeting and introduction, setting the tone for the discussion to come.
Identifying Root Causes
We then dived into the concept of identifying root causes, which is a crucial step in understanding the impact of various factors on attracting Foreign Direct Investment (FDI). The speaker emphasized the importance of using tools like the 5 Whys model or the fishbone diagram to identify the root causes of issues.
Example: Food Processing Industry
Using the example of the food processing industry, the speaker explained how to identify macro-level and competitive-level issues that affect FDI inflow. This included evaluating factors such as infrastructure, intellectual property, and R&D.
Picking Countries and Analyzing Factors
The speaker then discussed the importance of picking countries for analysis, including those that are ranked high and low in terms of FDI inflow. This helps to identify the factors that contribute to FDI inflow and those that hinder it.
Key Takeaways
In summary, the speaker emphasized the importance of identifying root causes, using tools like the 5 Whys model and fishbone diagram, and analyzing factors that affect FDI inflow. By understanding these factors, countries can take steps to improve their attractiveness to foreign investors.
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