Abstract:
Foreign Direct investment (FDI) in an important part of the massive private investment which is driving economic growth around the world, particularly in the past two decades (IMF, 2001). FDI is being sought by many developing countries as a means of complementing the level of domestic investment, as well as securing economy-wide efficiency gains through the transfer of appropriate technology, management knowledge, and business culture, access to foreign markets increasing employment opportunities and improving living standards. Due to these advantages, policy makers have considered with the domestic economic development objectives.
