Foreign Direct Investment – What is It, and How Can It Help?

Harvey Goldstein is a seasoned business professional whose work in Indonesia, as well as the rest of Asia, establishes him as a major figure. He currently runs a business consultancy firm in Singapore, where he offers expertise in countless areas, among them Foreign Direct Investment (FDI).

FDI is increasingly vital to the global business landscape, offering firms new opportunities and channels for marketing, less expensive facilities for production, and much more. Classically defined as a company’s physically constructing a factory in a different country, FDI refers to a direct investment in infrastructure, equipment, and machinery, as opposed to a portfolio-based investment, which is indirect. Due to more relaxed regulation over enterprise investments, FDI is now more powerful than ever. It allows companies to avoid pressure from foreign governments in matters that otherwise, could put them at a disadvantage, and provides a way to circumvent barriers to trade. It also provides access to new markets. FDI may appeal to many businesses interested in expanding their global reach.

Harvey Goldstein’s extensive expertise has served Indonesia and many other regions for several decades.

The Programs and Community Initiatives of the ACCI

An American businessman originally based in Indonesia, and now Singapore, Harvey Goldstein’s professional career in Southeast Asia began in 1967. During his time there, Harvey Goldstein has worked to increase foreign investment in the country with such organizations as Harvest International, Inc., and the American Chamber of Commerce in Indonesia (ACCI) by educating investors in the subtleties of its business culture and the opportunities to be found there.

Established in 1971, the American Chamber of Commerce promotes commercial activity between its host country and the United States. ACCI values professional ethics, innovation, transparency, and national and social responsibility. By 2015, the organization intends to be the leading advocate for the business interests of its 250 member companies. Currently, the organization organizes quarterly committees on topics ranging from automotive and moving vehicles to teleconnectivity. Additionally, ACCI gives back to the community through a variety of initiatives like university scholarships and the Jakarta Flood Relief Program.

Young Presidents’ Organization’s Global Edge Initiative

Harvey Goldstein is an established businessman and entrepreneur operating both in the United States and Southeast Asia. Over the years, Harvey Goldstein has served as a prominent spokesman for foreign and domestic business, primarily in Indonesia and has also served as the chairman of the Young Presidents’ Organization of Indonesia.

Founded in 1950 in New York City, the Young Presidents’ Organization consists of more than 20,000 business leaders in 120 countries, bound by a common goal of creating better leaders through networking, education, and the exchange of ideas. Launched in 2014, Global Edge is the organization’s latest evolution in leadership.

The event attracts business leaders from all around the world to share new ideas and perspectives. Commonly connecting the importance of business and spirituality, Global Edge investigates cultural values and their impact on today’s business landscape. In 2015, Global Edge will attract more than 3,000 chief executives and young leaders to a conclave in Melbourne, Australia, and examine the ancient aboriginal idea of “Dreamtime.”

The Goldstein Scholarship at the Centre for Talented Youth

Harvey Goldstein has extensive experience working in Southeast Asian business development, with a particular emphasis on Indonesia. Now based in Indonesia’s neighboring country, Singapore, Harvey Goldstein serves as Southeast Asia advisory board chair for the Centre for Talented Youth at Johns Hopkins University, where he and his wife have established the Goldstein Scholarship.

The Johns Hopkins University Centre for Talented Youth offers three-week programs of study in areas such as programming, mathematical modeling, and philosophy, and it emphasizes the need for the internationalization of young professionals. Each year, approximately 10,000 students enroll in summer programs at campuses spread throughout the United States and Hong Kong.

The Goldstein Scholarship grants recipients all funds necessary to participate in Centre for Talented Youth programs, including money for tuition, books, housing, and international travel expenses. The scholarship is designed for students who demonstrate both financial need and exceptional academic potential. Last year, six students from Singapore were granted the scholarship to attend the summer program at Pennsylvania’s Haverford College. Mr. & Mrs Goldstein plans to fund the scholarship for a total of five years and hope that it will continue after that initial term.

Center for Talented Youth Preps Youth for Academic Success

Harvey Goldstein founded Harvest International, Inc., in Indonesia, in 1987. Since that time, he has served as the managing director and chairman of the consulting firm and expanded its efforts to assist businesses in Indonesia and Southeast Asia. Outside of his professional responsibilities, Harvey Goldstein contributes to a number of groups and organizations. He and his wife, Rosita, recently established the Goldstein Scholarship to financially assist students to enroll in programs at Johns Hopkins University Center for Talented Youth.

A former participant of the Johns Hopkins Center for Talented Youth summer program recently earned recognition as a National Merit Scholarship finalist. The renowned national competition considers the talents of the nation’s brightest young minds. The Johns Hopkins program first introduced Nikila Vasudevan of Billerica, Massachusetts, to SAT and SCAT testing and to academic competition. She continued her collegiate preparations at Locke Middle School before scoring a near perfect 2340 on the SAT exam.

The first 2014 summer session for the Center for Talented Youth begins on the Johns Hopkins campus in Maryland on June 22. The second session begins on July 20. Gifted students can find information about the program on the Center’s website at http://cty.jhu.edu/summer.

FDIs Help Spur Economic Growth Internationally

Now serving as chairman of Harvest International in Indonesia, executive Harvey Goldstein has been an influential presence in Southeast Asia for several decades. Also serving as director of the Singapore based, Business-Link Consultancy, Harvey Goldstein is well-versed in the subject of direct foreign investments (FDIs) in Asia.

An FDI occurs when a company or other entity invests in a company based in another country. The best FDIs tend to be those made in companies with good growth prospects and well-trained employees.

The investment itself can be made in several ways, including through establishment of a subsidiary in a foreign country by obtaining the company’s shares and transactions that take the form of joint ventures. In order to transact business, the investor must hold a minimum of 10 percent of the company’s ordinary stock.

A good example of an FDI might entail one business setting up a joint venture in order to develop and extract minerals in another country. Or, a company from one country might assume a majority stake in another business overseas. An FDI allows a host economy the opportunity to present its products in the international marketplace.

Budget Aircraft Companies, Like Citlink, Highly Popular in Indonesia

A key representative and expert in promoting economic growth in ASEAN, and in Indonesia in particular, Senior Executive, Harvey Goldstein has served as a consultant to Fortune 100 companies interested in investing in the Asian marketplace. Harvey Goldstein has also consulted for companies seeking investments in other developing areas of the world.

One of the benefits of investing in foreign businesses is their potential for growth, as well as their current status as moneymakers. In either instance, Indonesia is a viable candidate. The area offers some of the most attractive opportunities for business investors globally. Statistics show that in 2011 and 2012 the country’s economy took a pronounced jump, and growth is expected to continue.

One area that has grown steadily in this respect is air travel. According to one recent article, budget carriers are an especially popular means of air travel in Asia. Rising wages in the country and the development of new business have opened a need for Indonesian-based budget air companies. One Indonesian carrier, Citlink, expects to grow by about 80 new aircraft per year as it continues to develop and grow.

Managing Director at Business-Link Consultancy PTE LTD