“…It might be seen that various scholars have studied the effect of FDI on economic development (e.g., Chaudhury et al, 2020;Rao et al, 2020;Wu et al, 2020). Empirically contributions to the view that FDI fosters economic development through various technology spillovers (Dogan & Taspýnar, 2013;Kotrajaras, 2010;Liu & Lim, 2019;Melnyk et al, 2014;Yu et al, 2011). Then the study also included support that FDI could bring vulnerability and external dependence to the host country, along with the impact of domestic investment, deterioration of absorption capacity due to destruction rivalry between foreign corporations and local companies and "market-stealing effects" (Gerlach & Liu, 2010;Khaliq & Noy, 2007;Margeirsson, 2015;Wan, 2010).…”