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The determinants of foreign direct investment in developing countries: The case of Libya

Teeb, AS 2009, The determinants of foreign direct investment in developing countries: The case of Libya , PhD thesis, Salford : University of Salford.

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    Abstract

    Foreign Direct Investment (FDI) represents an important indicator of the increasing interdependence of economies among countries of the world. FDI in its various forms is considered as the artery that maintains the continuity of the life of any economy. Therefore, all countries aim at setting up programmes and policies to ensure the flow of investment according to the goals and objectives of the economic system. FDI is of great significance, especially to developing countries. They require FDI as one of the most important factors for financial funding. In addition to its financial value it is a means of acquiring the required knowledge and technology to gain success in economic projects. The Libyan economy is among those economies that require this kind of foreign investment to achieve the desired economic goals, which are correlated with the objectives of the Libyan economic system for subsequent stages. Therefore it is important to study the trends and determinants of FDI in developing countries in general and in Libya in particular. To attract foreign investment, the country should create an attractive investment environment in a country, which intends to attract it. Since 1990 Libya has made remarkable progress in terms of economic reforms. During this time, the Libyan government has given FDI top priority in its future development strategy. In Libya great efforts are being made to change and develop the legislative system in order to encourage and attract foreign investment. This research aims to determine how much Libyan economic reforms have positively affected FDI and to consider further improvements in terms of attracting FDI. To understand a host country's location factors, this research analyses the related literature on the theories of FDI, the effect of world economic changes during two decades on FDI and the determinants of FDI in different developing countries and regions.. The research attempts to determine the predominant factors in attracting FDI. This research seeks to contribute effectively by filling a gap in the area of FDI knowledge in the Libyan economy and to add new knowledge in this important field of study, particularly in developing countries (such as Libya, where the current trend is to diversify the Libyan economy and reduce reliance on oil exports as the main source of income in Libya).

    Item Type: Thesis (PhD)
    Contributors: Ruddock, L(Supervisor)
    Additional Information:
    Schools: Colleges and Schools > College of Science & Technology
    Colleges and Schools > College of Science & Technology > School of the Built Environment
    Depositing User: Institutional Repository
    Date Deposited: 03 Oct 2012 14:34
    Last Modified: 17 Feb 2014 11:09
    URI: http://usir.salford.ac.uk/id/eprint/26939

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