Proceedings of the IISES Annual Conference, Sevilla, Spain

THE ROLE OF THE LEGISLATIVE AND REGULATORY FRAMEWORK IN IMPROVING THE INVESTMENT CLIMATE IN THE MIDDLE EAST AND NORTH AFRICA COUNTRIES (MENA), IN THE RECONSTRUCTION PHASE - DESCRIPTIVE STUDY

AHMAD JURATLI

Abstract:

The importance of investment appears in the development and support of the country’s economy, where developing countries sought to attract investments, Which necessarily required a package of reforms, Which began with a set of laws that set the general investment policy in many developing countries, Which aimed at investment environment attractive to investment, But the conditions in the Eastern Mediterranean and North Africa region did not help achieve the desired vision that was planned. This study aims to identify and analyze the strengths and weaknesses of the investment climate, In addition to studying the legal and regulatory environment related to investment, and its role in supporting the investment climate in the reconstruction phase. The importance of this study emerged in the positive role which played by the investment process in economic development in general, and determines the elements of the investment environment from the legislative and administrative aspects, It is, therefore, necessary, Intensify efforts to develop the investment climate in the next stage of reconstruction. The problem of the study is reflected in the importance of developing investment laws, Because it is the most important factor in attracting investments, and because the effectiveness of investment promotion laws have a positive and direct impact in creating the investment environment. The study confirmed, after reviewing previous studies, the need to amend the current investment promotion laws in most developing countries, simplify and standardize investment laws, add organize this lows under one investment umbrella, The study also found the volume of investment in the reconstruction phase will depend on the development that can happen in the investment laws.

Keywords: Legislative and Regulatory Framework, Investment Climate, Investment, and Investors, Middle East & North Africa Countries (MENA) -, Reconstruction Phase.

DOI: 10.20472/IAC.2018.035.023

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