Corruption, an obstacle to attracting foreign direct investment in the least developed countries

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.