ПРЯМІ ІНОЗЕМНІ ІНВЕСТИЦІЇ ЯК ФАКТОР ЕКОНОМІЧНОГО РОЗВИТКУ СИНГАПУРУ

Abstract

The article examines the impact of foreign direct investment on the economic development of Singapore. Known for its successful model of an innovative economy, Singapore attracts a significant amount of FDI. This article analyzes the role of foreign direct investment in strengthening economic stability and increasing the country's competitiveness. It examines the impact of foreign investment on aspects such as increasing production capacity, developing infrastructure, improving the quality of education and research, creating new jobs and supporting innovative projects. Additionally, the author also examines the strategies Singapore uses to attract foreign direct investment, including creating a favorable investment climate, providing tax incentives, grants and subsidies to attract FDI, as well as grants and schemes to support innovation, research and development (R&D) and technology adoption. It analyzes priority industries that attract foreign investment, such as financial services, technology, biotechnology, logistics and tourism. The author uses several economic indicators, such as GDP, government spending, consumption, unemployment, inflation, to justify the impact of foreign direct investment on the economic level of the country. The regression analysis was performed and the results of the model show that foreign direct investment has a significant impact on the economic development of Singapore, contributing to the creation of a stable economic environment, the attraction of technological innovation and the acceleration of the country's social development. The level of private sector consumption also turned out to be significant, as well as the level of macroeconomic instability and government spending. The results of the study can serve as a basis for further research and strategic planning in the field of attracting foreign direct investment in Singapore. The article has implications for researchers, policy makers and the business community who are interested in understanding the role of foreign direct investment in the development of countries with high levels of economic development.