TITLE:
The Current State of Investment Facilities and Their Impact on Attracting Foreign Investments: A Comparative Study between Turkey and the Hashemite Kingdom of Jordan
AUTHORS:
Sami Jresat, Faraj Zubaidi, Mohammad Al-Bsheish, Shahad Hafez
KEYWORDS:
Investment Facilities, Foreign Investments, Turkey, Jordan
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.1,
January
12,
2023
ABSTRACT: Foreign investment has become an essential phenomenon in the global economy today. It represents a major driver of economic development for
many countries. It is carried out by investors in order to attain a variety of
business advantages. However, investments do not flow into economies randomly,
but they move to countries based on the available investment facilities that
encourage investors to select certain countries over others. Therefore,
investment facilities are of utmost importance for attracting foreign
investments. The present study aims to investigate the current state of
investment facilities and their impact on attracting foreign investments. It
presents a comparison between two contexts, which are Turkey and the Hashemite
Kingdom of Jordan. The author adopts the literature review methodology, which
involves reviewing recent relevant literature. In the light of insight provided
by literature, the study has obtained the following findings: both Turkey and
Jordan are examples of countries that have succeeded in attracting foreign
investments through investment facilities; strengths of the Turkish experience
include granting foreign investors rights equal to those of their domestic
counterparts as well as economic openness and liberalization, while its
weaknesses include the failure to attract flows of foreign investments to a
level comparable to that of domestic investments; and the strengths of the
Jordanian experience include the introduction of a variety of laws, strategies,
and plans to create an attractive investment environment, while its main
weakness is the failure to maintain consistency of growth in the net investment
of foreign investors. In light of these findings, the study presents a list of
relevant research suggestions and practical recommendations.