Impact of Government Policies on Foreign Direct Investment Inflows: the Case of Yemen
- 주제(키워드) Government Policies , Foreign Direct Investment , Yemen
- 발행기관 고려대학교 국제대학원
- 지도교수 Kim, Jung-Ho
- 발행년도 2008
- 제출일 2008-06-30
- 학위수여년월 2008. 8
- 학위명 석사
- 학과 국제대학원 국제학과
- 세부전공 국제개발전공
- 원문페이지 107 p
- 본문언어 영어
초록/요약
Foreign Direct Investment has become a strong engine for economic growth and development of nations. As a developing country, Yemen is seeking to attract FDI through removing restrictions and barriers before foreign investors, providing incentives and creating policies that facilitate and enhance FDI. Thus, the purpose of this research is to examine whether these policies can improve its ability to attract FDI. Yemen undertakes a new policy of uniform treatment for all investors, domestic and foreign. In 2002, a new investment law was enacted. This new law eliminates intervention of the government agencies in investment projects and gives wider freedom to investors in running their projects. The government also adopts a number of policies and measures to attract many foreign investors to invest in the country. These policies include fiscal incentives in the form of exemptions from several taxes; monitory policy dealing with exchange rate, inflation etc; regulatory policies concerned with the entry, ownership, expropriation and repatriation; privatization and other relevant policies. A study of these policies and a look at the trend of FDI flow to Yemen since the early 1990s will show the aspects of success and aspects of failure of the policies and consequently alternative policies could be proposed.
more목차
Acknowledgement iii
Abstract v
Abbreviations and Acronyms vi
List of Figures xi
List of Tables xii
Chapter One: Introduction 1
1.1 Introduction 1
1.2 Purpose of Research 3
Chapter Two: Review of the Literature 6
2.1 Definition of Foreign Direct Investment 6
2.2 Benefits of FDI 8
2.3 Determinants of FDI Inflow 13
2.4 Government Policies to Facilitate FDI 15
2.4.1 Fiscal Policy 16
2.4.2 Financial Policy 17
2.4.3 Monetary Policy 18
2.4.4 Labor Market Policy 18
2.4.5 Regulatory Policies 19
2.4.6 Good Governance and Transparency 21
2.4.7 Privatization and Trade Policies 22
Chapter Three: Outlook of Yemen’s Macroeconomics 24
3.1 Overview 24
3.2 Economic Indicators 25
3.3 Overall Economic Policy 28
3.4 Main Economic Sectors 29
3.4.1 Oil Sector 30
3.4.2 Agricultural Sector 33
Chapter Four: Yemen’s Government Policies towards FDI 35
4.1 Overview and Objectives 35
4.2 Monetary Policy 36
4.3 Fiscal Policy 41
4.4 Expropriation, Conversion and Transfer Policies 45
4.5 Regulatory Policies 46
4.5.1 General Restrictions on Entry and Private Ownership 47
4.5.2 Restrictions on Sectors 48
4.5.3 Land Ownership 48
4.5.4 Labor Regulations 49
4.5.5 Protection of Intellectual Property Rights 50
4.6 Private Sector and Privatization Policy 51
4.7 Trade Policy 55
4.8 Bilateral Investment Agreements 57
Chapter Five: The Role of Government Policies to Promote FDI 60
5.1 Trend of FDI Inflows into Yemen 60
5.2 Significant Areas of Investment in Yemen 66
5.2.1 Gas Sector 66
5.2.2 Mining 67
5.2.3 Fisheries 68
5.2.4 Tourism 69
5.2.5 Aden Free Zone 70
5.3 Analysis of Government’s Investment-related Policies 72
5.4 Needed Reforms 77
Chapter Six: Conclusion 80
References 85
