Some argue that foreign direct investment (FDI) promotes economic growth through complementing domestic savings, transfer of technology, increasing competition, reducing prices, and stimulating entrepreneurship. At the same time, FDI has the potential to crowd out local firms, hamper inclusiveness, and use inappropriate technology, amongst other things. The expected benefits from technology spillovers have not always been evident, however. Moreover, FDI operations in the least developed countries (LDCs) tend to have inadequate safety standards, pollute the host countries and create “sweatshop” conditions. Thus, there is a need to call for better-targeted policies and regulations to ensure that FDI does more good than harm so as to promote a new win-win model for the host country and investors.