Abstract
Over the last 30 years, the economic and political power of China has grown globally particularly in Asia. China has become the largest recipient of FDI among the developing countries by adopting East Asian Flying Geese Model. China switched over from Import-substitution strategy to Export promotion strategy. In 2015, China attracted USD of 135 Billion as inward FDI whereas Turkey attracted only USD of 16.5 Billion. We ran the Granger Causality tests between the FDI and Economic Growth for both China and Turkey upon the data from 1980 to 2013. We took the data from World Development Indicator of World Bank. We found that growth in China has been caused by due to inflow of FDI whereas in the case of Turkey the GDP does granger caused the FDI.
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