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Investment Guarantees in Arab Countries by Dr. Abdullah Abdul Karim
JOD
Get it by 5 Aug | Order in 5 Hours 13 Minutes
The issue of development in third-world countries is one of the most significant issues of the current century, occupying the minds of legislators, captivating the interest of researchers, and causing developing nations to relentlessly pursue the best means to achieve sustainable development.
In our present time, the world is undergoing a period of clear activity and competition in the field of economic development, in an era dominated by the culture of globalization, the prevalence of modern technology, and where the economy has become the most powerful weapon in the balance of power.
The development problem in developing countries has many causes, the most important of which is the inability of these nations to properly utilize their resources due to a lack or absence of technical expertise, or the unavailability of necessary funds. Consequently, developing countries have turned to foreign investment as an optimal solution to alleviate the burden of the development problem, given the positive effects such investments have on the host country's economic structure.
Foreign investment brings in necessary technical expertise and funds, which are crucial for the host country. This leads to a reduction in unemployment rates, optimal utilization of resources, greater benefit from available technology, and more effective achievement of goals that serve the country's development in terms of its resources, economic structure, or balance of payments.
Foreign investments will not flow into developing countries to achieve their development without something in return. Foreign investments have many options among the countries aspiring to attract them and can choose any. Developing countries, on the other hand, need to attract any investment that helps them achieve their development aspirations by granting these investments legal and economic capabilities, effective means, and guarantees that reassure the investor about their investment project in this or that developing nation. Incentives are also provided to encourage investors to proceed with confidence that their primary goal, profit, will be achieved within the integrated framework of the host country.