Consider the following statements about Foreign Direct Investment
1. It is when a foreign entity acquires ownership or controlling stake in the shares of a company in one country
2. It is a major source of non-debt financial resources for the economic development of a country
3. It generally takes place in an economy that has the prospect of growth and also a skilled workforce
Which of the above is/are correct?
1
1 and 2 Only
2
1 and 3 Only
3
3 Only
4
1, 2 and 3