Foreign direct investment (FDI) refers to when a company from one country owns or controls assets or enterprises in another country. This can include establishing new businesses, acquiring existing businesses, or entering into joint ventures with local companies. FDI is an important component of globalization and is seen as a way for companies to expand their operations and access new markets, resources, and technologies. It is also a key driver of economic development in many countries, as it can bring in capital, create jobs, and transfer skills and knowledge. Research in this area often focuses on the impact of FDI on economic growth, technology transfer, employment, and other socio-economic variables.