Economic reforms and foreign direct investment in Iran

Sarfaraz, Leyla (2002): Economic reforms and foreign direct investment in Iran. Published in: Discourse , Vol. 7, No. Nos. 2-3 (September 2005): pp. 61-76.

Abstract

This article studies foreign direct investment(FDI)from domestic and foreign viewpoints. From a domestic viewpoint, legal, cultural, economic, social, political, and historical constraints to foreign direct investment will be analyzed and necessary solutions will be proposed . In addition, the changing global and state policies with regard to foreign direct investment in the past two decades will be considered.International bodies such as MIGA and ICSID, affiliated to the World Bank, which try to pave the way for the attraction of foreign investment in less developed countries will be introduced and discussed. Then the necessity of Iran's accession to the mentioned bodies as an effort for the attraction of foreign investment will be argued. At the end, it is concluded that due to the importance of such investment in foreign trade of every country, any dealy in creating the needed grounds for the attraction of foreign direct investment can marginalize Iran in the global village.

• Item Type: MPRA Paper
• Institution: Shiraz University
• Language: English
• Keywords: Developing contries; foreign direct investment(FDI); attracting FDI; World Bank
• Subjects: F - International Economics > F1 - Trade > F10 - General; F - International Economics > F1 - Trade > F13 - Commercial Policy; Protection; Promotion; Trade Negotiations; International Trade Organizations

References

-"Ambiguous, Bewildering but Promising," Iranian Economy,No.42,August 2002. -Bilateral Investment Treaties 1959-1999. -Iran Newspaper, August9,1999. -Padma Mallampally&Kar P.Sauvant, "Foreign Direct Investment in Developing Countires," Finance and Development,Vol.36,No.1.March 1999. -Saeed Entezari, "In Search of Attracting Foreign Partnership," Chamber of Commerce Letter, No.12, 1997 Sarfaraz Leyla, "A Review of Export and Import Impediments to Iran's Accession to WTO,"Development of Non-Oil Exports Conference, August 1998. -S.H.Robock and K.Simmonds, "International Business and Multinational Enterprises," The World Bank Group Directory,1999. -UNCTAD, World Development Report, Trends and Determinants,Table IV.L.P.91,1998 -Web sites of ICSID and MIGA