{"title":"Corruption, an obstacle to attracting foreign direct investment in the least developed countries","authors":"Eraste Nzosaba","doi":"10.12988/ams.2023.917345","DOIUrl":null,"url":null,"abstract":"Foreign direct investment is a crucial factor for economic growth and development. It is the essential element that allows the least developed countries to progress. These countries have put in place attractive investment codes by granting tax incentives to foreign investors. In these countries, the level of inward FDI flows remains negligible and the results have not led to the desired development. Why the low level of inward FDI despite the incentives taken by LDCs in light of investment codes? The study shows that it is not enough to offer fiscal incentives to foreign investors but that other factors must be taken into account to accelerate the flow of inward FDI. Among these factors, it identifies the fight against corruption as an influential tool for attracting FDI.","PeriodicalId":49860,"journal":{"name":"Mathematical Models & Methods in Applied Sciences","volume":"43 1","pages":""},"PeriodicalIF":3.6000,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Mathematical Models & Methods in Applied Sciences","FirstCategoryId":"100","ListUrlMain":"https://doi.org/10.12988/ams.2023.917345","RegionNum":1,"RegionCategory":"数学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MATHEMATICS, APPLIED","Score":null,"Total":0}
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Abstract
Foreign direct investment is a crucial factor for economic growth and development. It is the essential element that allows the least developed countries to progress. These countries have put in place attractive investment codes by granting tax incentives to foreign investors. In these countries, the level of inward FDI flows remains negligible and the results have not led to the desired development. Why the low level of inward FDI despite the incentives taken by LDCs in light of investment codes? The study shows that it is not enough to offer fiscal incentives to foreign investors but that other factors must be taken into account to accelerate the flow of inward FDI. Among these factors, it identifies the fight against corruption as an influential tool for attracting FDI.
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The purpose of this journal is to provide a medium of exchange for scientists engaged in applied sciences (physics, mathematical physics, natural, and technological sciences) where there exists a non-trivial interplay between mathematics, mathematical modelling of real systems and mathematical and computer methods oriented towards the qualitative and quantitative analysis of real physical systems.
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Special attention will be paid to the analysis of nonlinearities and stochastic aspects.
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Book reviews, announcements and tutorial articles will be featured occasionally.
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