Academic literature on the topic 'Foreign country potential'

Currently, the UK is preparing to leave the EU (Brexit), after which it will be possible to judge how ready the country is for independence in areas in which it previously interacted with the EU. No country has ever left the European Union. The article discusses the economic and foreign trade potential of the country.

In this paper we study how the expansion of multinational enterprises in the host country affects its wages using a general equilibrium factor specific framework for a small open economy with a flexible labor market. We identify three potential effects of MNE activity associated with the transfer of foreign knowledge, diffusion of this knowledge among indigenous firms and the inflow of capital from abroad. We show that the impact of multinational enterprises on wages in the host country depends on differences in capital intensity between multinational and local sectors, the amount of capital transferred to the host country from abroad and the magnitude of knowledge spillovers stemming from multinational activity to indigenous firms.

IN R. (Lord Carlile) v Secretary of State for the Home Department [2014] UKSC 60; [2014] 3 W.L.R. 1404, the Supreme Court held by a four to one majority (Lords Sumption, Clarke, Neuberger and Lady Hale, Lord Kerr dissenting) that the exclusion of an Iranian dissident from the UK was a proportionate interference with the Article 10 ECHR right to freedom of expression of both the dissident herself and the cross-party group of parliamentarians litigating on her behalf. The parliamentarians had wished to invite Mrs. Maryam Rajavi, the exiled leader of the former terrorist group the People's Mojahedin Organisation of Iran, to the Palace of Westminster to speak about democracy and human rights in Iran. The Home Secretary had excluded the invitee on the basis of a risk assessment formulated in cooperation with the Foreign Office. The risk assessment had concluded that admission of Mrs. Rajavi might endanger foreign relations between Britain and Iran, and British national security because of the potential risk to the safety of British diplomatic personnel based in Iran. Lord Sumption put the matter succinctly: “the future is a foreign country” and the Courts should therefore be reticent to interfere with Executive predictions in the realm of “high policy” (at para. [46]). The judgment is of great interest not only for its background facts, which concern the often fraught and complicated diplomatic relationship between the UK and Iran, but principally because the decision engages central constitutional questions regarding the institutional competence of the courts in judicial review.

Urgency of the research. Theoretical and empirical studies show that investment allocation has a perceptible impact on local economic development. Target setting. Taking into consideration reasonably low quantity of high-quality investments, countries all over the world are eager to incentive foreign direct investments inflows. Therefore, realistic country investment potential evaluation is vitally important for respective government institutions within their policies getting done. Actual scientific researches and issues analysis. The major issues of country investment potential evaluation, and investment market in general, were made by the following scientists and technicians: O. Fedonin, I. Riepina, O. Oleksiuk, S. Lieonov, B. Chub, Ie. Lapin, J. Dunning, A. Thompson., D. Kaufmann, M. De Melo, K. Berden, S. Sarno, P. Buckley, A. Fukumi and others. Uninvestigated parts of general matters defining. At the same time, insufficient scientific works cover approaches to assessing investment potential of Ukraine, based on latest research results of foreign scientists within current topic. Current socio-economic determinants of foreign direct investment need to be studied. The research objective is to identify key determinants of foreign direct investment inflow in the economy of Ukraine. The statement of basic materials. The article have considered determinants of foreign direct investment inflows, which are related to country socio-economic development and state institutions indicators. Conclusions. Studies of statistics of groups in transition economies have shown that the simultaneous adoption indicators of socio-economic development and quality of public institutions into the model of country investment potential evaluation allows to evaluate the elasticity of foreign direct investment to changes in each of the determinants.

AbstractForeign aid allocations represent one of several important economic policy tools used by governments to realize their foreign policy objectives. Using a conjoint survey of respondents in the United States, this paper shows that recipient country religion is a significant determinant of individual-level foreign aid preferences. In particular, respondents express a preference for giving to Christian-majority countries in contrast to Muslim- or Buddhist-majority countries. This effect is comparable with that of other important determinants of support for foreign aid, such as a country's status as a U.S. ally or trade partner. Importantly, the preference for Christian recipient countries is especially pronounced among Christian, and most notably Evangelical Christian, respondents. This paper explores two potential mechanisms for the effect of religion: country religion as a heuristic and an individual-level preference for giving to co-religionists.

As a result of reforms that carried out in Uzbekistan during the years of independence, our country has become not only an importing country, but also one of the ten countries with high export potential. It is known that more than 20 million tons of vegetables and fruits are grown in Uzbekistan. It is illuminated the experience of Uzbekistan in the exporting of these products to foreign countries in this article.

Agriculture is an industry with potential and advantages for development, but it is increasingly difficult to attract foreign direct investment (FDI) flows. Up to now, the results of attracting FDI inflows into the agricultural sector have many limitations, not really reaching the industry’s potential. This study will assess the current situation of attracting foreign direct investments into the agricultural sector in Vietnam in terms of FDI capital scale, FDI capital structure based on agriculture standard, investment method, investment partners and by investment recipients. The Red River Delta is one of the two Vietnamese economic regions with highly agricultural production. With the tradition of agricultural production and many favorable natural, economic and social conditions, the Red River Delta can further develop into a major agricultural production area of the country, contributing to economic development of the region and the whole country. However, FDI investment in agriculture in the region is modest compared to the potential of the industry as well as compared to other sectors in the region. While FDI inflow into Vietnam and other sectors in the region tends to increase strongly, FDI into agriculture is very low and has not grown for a long time, which is contrary to the trend of FDI to other sectors of the Red River Delta as well as the whole country and also contrary to the FDI flows to global agriculture.

The analysis of the impact of foreign direct investment (FDI) on the rate of economic growth on the example of China and Ukraine is carried out. It is shown that foreign direct investment has a positive impact, but this is not the only factor that determines economic growth. Apart from the attracted foreign investment, the country must have developed institutions that will protect foreign capital from both the internal political and the external risks. Such an institutional environment will contribute to the growth of foreign direct investment and the effectiveness of their implementation. It is shown that at the same levels of foreign direct investment per capita – investments in China tend to grow steadily and less volatility. At the same time, foreign investment in Ukraine is unstable and highly dependent on macroeconomic factors, such as global economic crises and armed aggression of the neighboring country. To determine the impact of foreign investments on the pace of economic growth, the article used a regression and correlation apparatus. A cross-correlation function was used to assess the lagging impact of foreign investment on economic growth. The novelty of this publication is that by using correlation analysis, a significant difference in the lags of FDI impact on the GDP growth rates for the economies of Ukraine and China has been proved. It is found that Ukraine is characterized by a rapid short-term response to foreign direct investment with zero and single lag, while for the Chinese economy this response is dissolved over time. The main stagnation factors in Ukraine include the following: practical absence of the possibility of direct investment of the population into the country’s economy (underdeveloped stock market), significant political (risks of loss of property), macroeconomic and corruption risks.

Foreign policy is about setting the policy aims and goals of a given country in the competitive environment of international affairs. When analyzing it, one should pay attention to many factors, namely, economic and energy potential, military-technical means, the presence of trade and economic partners, political weight and state image in the international arena, state membership in various international organizations. You can also highlight a number of tools that also play a large role in the foreign policy of states. As a specific instrument of foreign policy, public diplomacy concerns the regulation and management of international relations with various global publics in order to realise those foreign policy aims and goals. Specifically, public diplomacy intends to create a positive reputation and brand of the country, simultaneously increasing the countrys soft power potential, which is based on external and internal sources. This article intends to track and analyse the challenges and the role played by Russian public diplomacy in terms of meeting the challenges of the countrys foreign policy agenda in the 21st century. These challenges have been in a state of transformation as the nature of the environment of international relations changed. As a result, Russian public diplomacy has needed to evolve along with the changes at the global level and consequently the shifting demands enshrined in the foreign policy concepts. There are several identified distinct political policy periods noted: attempts to integrate into the Western-led global order; cooling relations with the United States dominated global order; and preparing for multi-polar and a post-Western global order.

Abstract This article investigates what the news says about inequity-driven civil wars and economic underdevelopment. Dewey argued that the lack of causal knowledge that distinguishes between symptoms and root causes would limit potential effective and transformative public action. Political scientists have demonstrated that increases in just the number of news stories about a foreign country in both US print and TV news in one year produced a clearly significant relationship to increases in commitments of US foreign aid the following year. This study of reporting on a 2003-2005 African crisis by ten news organizations over 26 months found few articles predominantly focused on causes against conditions on the ground or remedies. It raises questions about the conditions under which news organizations might be expected to provide causal knowledge and when such information can lead to more enlightened long term aid for national transformation.

Thesis (MA)--Stellenbosch University, 2002.
ENGLISH ABSTRACT: Since the beginning of the economic reforms in 1978, the People's Republic of China (PRC) has attracted continuous interest from foreign investors, both in the form of foreign direct investment (FDI) and international trade, making the PRC the second largest host of FDI in the world. Despite occasional declines in foreign investment, foreign investors remain very interested in the long-term prospects for doing business in the country. The PRC's phenominal economic growth, large consumer market, the accession to the World Trade Organisation (WTO), and the government's commitment to open markets, economic reforms, and restructuring of the economy are amongst the factors that continue to attract foreign investment and trade. Despite the huge market potential and strong desire by foreign investors to do business in The PRC, the track record of foreign companies and investments in the country have at best been mixed. While some foreign investors have reaped large profits, others have failed to meet their performance targets. Foreign investors have faced a number of problems that are not market or trade related, but associated with economic, political and social trends and developments, including corruption, nepotism, crime, poor infrastructure, a depleted banking system, inefficient legal system, unemployment and poverty. Therefore, it is not surprising that many foreign investors are asking themselves whether the benefits of doing business in the PRC are worth the risks. In an increasingly uncertain and instable international trade and investment environment political risk assessment and management have become essential components of any profitable foreign investment strategy. Consequently, numerous political risk-rating agencies and a large number of both qualitative and quantitative risk assessment methods have emerged over the years. There is, however, neither general consensus regarding the definition of political risk nor a comprehensively systematic method of conducting political risk assessment. The definitions of political risk include a wide variety of indicators, ranging from governmental actions to all non-market developments. The number of methods available for political risk analysis range from informal, unsystematic assessments by a few individuals to formal, systematic, and sophisticated risk analysis models. There are, however, some similarities. The main objective of political risk analyses is to describe, explain, and forecast political conditions and events that affect the interests of foreign investors operating abroad or planning to enter a foreign market. In addition, political risk analyses attempt to forecast losses, and recommend means of managing the risk, avoiding the losses, and seizing the opportunities. Scenario planning is one of the qualitative methods used to analyse political risk. Scenario planning, however, differs from most other approaches as it does not try to accurately predict what will happen in the future or to provide the right tool for foreseeing the future developments, but to offer a range of possible futures. The underlying assumption is that the future cannot be forecast or predicted with certainty, but that the very process of thinking about the future and exploring the implications of possible future scenarios may have a profound impact on foreign investment and trade. Scenario planning is a method that provides insightful information necessary to understand, anticipate and respond to change and uncertainty in the future PRC. The development of four 20-year scenarios in this study demonstrates that the prospects for foreign investment can be both positive and negative. When the economy continues to grow strongly, and the government is able to maintain a stable environment and successfully implement the necessary changes foreign investors are expected to reap the desired benefits. However, if the problems facing the PRC at the moment further deteriorate foreign investors could expect increased risks, and the possibility of failure.
AFRIKAANSE OPSOMMING: Vanaf die begin van die ekonomiese transformasie in 1978, het die Volksrepubliek van Sjina voortdurende belangstelling van buitelandse beleggers geniet. Hierdie belangstelling was gemanifesteer in die vorm van direkte buitelandse belegging asook internasionale handel. Sjina het so aanloklik vir buitelandse beleggers geword, dat dit tans die wêreld se tweede grootste ontvanger van buitelandse belegging is, en beleggers stel veral belang in die lang termyn moontlikhede van besigheid doen in die land. Die Volksrepubliek van Sjina se merkwaardige ekonomiese groei, groot verbruikersmark, toetreding tot die Wêreld Handels Organisasie, en die regering se verbintenis aan die ontwikkeling van 'n oop ekonomie, ekonomiese transformasie en die herstrukturering van die ekonomie as sulks, is sommige van die faktore wat toenemend buitelandse belegging en handel aanlok. Ten spyte van die groot verbruikersmark potensiaal en die sterk begeerte van buitelandse beleggers om besigheid te doen in die Volksrepubliek van Sjina, is die ervarings van buitelandse maatskappye tot dusver gemeng. Alhoewel sommige buitelandse beleggers groot wins gemaak het, het ander minder sukses ervaar. Buitelandse beleggers word ook gekonfronteer met baie probleme wat nie noodwendig met die mark of handel gepaard gaan nie. Hierdie probleme word geassosieer met ekonomiese, politieke en sosiale gebeure en faktore insluitend korrupsie, misdaad, nepotisme, swak infrastruktuur, 'n ledige bank sisteem, 'n ondoeltreffende regssisteem, werkloosheid en armoede. Baie buitelandse beleggers betwyfel dus moontlik die vraag of besigheid doen in die Volksrepubliek van Sjina tog meer voordele inhou as risiko. In 'n wêreld waar internasionale handel en belegging met onsekerheid en onstabiliteit gepaard gaan, het die aspekte van politieke risiko skadebepaling en -bestuur belangrike komponente van enige winsgewende buitelandse belegging strategie geword. Gevolglik het verskeie politieke risiko-analise agentskappe asook 'n verskeie risiko-analise metodes van beide kwantitatiewe en kwalitatiewe aard hul verskyning gemaak. Ten spyte van die bogenoemde is daar nog steeds geen veralgemeende konsensus oor die definisie van politieke risiko, of 'n oorsigtelik sistematiese metode van politieke risiko-skatting onderneem nie. Die definisies van politieke risiko sluit in 'n groot verskeidenheid van indikatore wat wissel van regeringaksies tot mark-onverwante gebeure. Die verskeidendheid van metodologië wat gebruik word in politieke risiko-analise wissel van informeel, onsistematiese skattings, tot formele, sistematiese en gesofistikeerde risiko-analise modelle. Die primêre doel van politieke risiko-analise is om te beskryf en te verduidelik, en ook om politieke omstandighede en gebeurtenisse wat die belangstelling van buitelandse beleggers affekteer te voorspel. Addisioneel beoog politieke risiko-analise om ook die moontlikheid van verlies te voorspel en om 'n strategie vir die bestuur van die risiko aan te beveel, om sodoende verlies so ver moontlik te vermy asook om moontlike geleenthede aan te gryp. Senariobeplanning is een van die kwalitiatiewe metodes wat gebruik kan word in die analise van politieke risiko. Senariobeplanning verskil van ander benaderings in die sin dat dit nie akkurate voorspellings vir die toekoms as sulks maak nie, maar eerder 'n verskeidenheid van moontlike toekomstige omstandighede weergee. Die ontwikkeling van vier 20-jaar senarios vir die Volksrepubliek van Sjina in hierdie studie illustreer hoe die uitsigte vir buitelandse belegging positief sowel as negatief kan wees. Indien die Sjinese ekonomie verder groei en die regering in staat is om 'n stabiele omgewing in stand te hou asook die nodige veranderings te implimenteer, kan buitelandse beleggers verwag om beoogde voordele van buitelandse belegging te ervaar. Maar as die probleme wat die Volksrepubliek van Sjina op die oomblik ervaar voortduur en lof verswak, kan buitelandse beleggers verhoogde risiko sowel as die moontlikheid van mislukkings verwag.

The object of this research was to develop an international market screening methodology which selects highly attractive markets, allowing for the ranges in diversity amongst organisations, countries and products. Conventional business thought is that, every two to five years, dynamic organisations which conduct business internationally should decide which additional foreign market or markets to next enter. If they are internationally inexperienced, this will be their first market; if they are experienced, it might be, say, their 100th market. How should each organisation select their next international market? One previous attempt has been made to quantitatively test which decision variables, and what weights, should be used when choosing between the 230 countries of the world. The literature indicate that a well-informed selection decision could consider over 150 variables that measure aspects of each foreign market's economic, political, legal, cultural, technical and physical environments. Additionally, attributes of the organisation have not been considered when selecting the most attractive short-list of markets. The findings presented in the dissertation are that 30 criteria accounted for 95 per cent of variance at cross-classification rates of 95 per cent. The weights of each variable, and the markets selected statistically as being the most attractive, were found to vary with the capabilities, goals and values of the organisation. This frequently means that different countries will be best for different organisations selling the same product. A

This chapter begins by describing and assessing trends in foreign direct investment (FDI) in 2012. It then turns to an understudied but increasing area of concern in investment policy—home country measures (HCMs), which influence and often direct investment flows to certain destinations. These measures have an effect on “competitive neutrality” by affecting companies' decisions about where to invest and even about whether to invest; some measures effectively subsidize outward foreign direct investment so long as it is directed in particular ways. The chapter provides a detailed survey of HCMs in the top ten developed countries and the top ten emerging markets, and an analysis of the potential effects of those measures on investment decisions and the policies that home countries seek to effectuate with the establishment of measures that encourage and direct investment.

This introductory chapter begins by explaining the nature of the subject known as conflict of laws or private international law, which deals with cases before the English court which have connections with foreign countries. The foreign elements in the case may be events which have taken place in a foreign country or countries, or they may be the foreign domicile, residence, or place of business of the parties. In short, any case involving a foreign element raises potential conflict of laws issues. The conflict of laws is concerned with the following three questions: jurisdiction; choice of law; and the recognition and enforcement of foreign judgments. The remainder of the chapter discusses the various stages of proceedings which raise conflict of laws issues.

Since it became a united country, Italy has been looked at with keen eyes by foreign economists, economic historians, and policy makers. They wanted to see whether it would be possible for the economy of a country, that had in the seventeenth and eighteenth century regressed to the role of agricultural raw material exporter after having been the premier site of European industry, trade and especially, finance, in the middle ages and the Renaissance, to redress itself and join the industrial revolution, making good use of its population and territory, which gave it the potential to be among the great powers of Europe. In this paper, several instances of this scrutiny are considered, focusing on foreign observers who concerned themselves with the Italian economy at different stages of its development. An attempt is made to see what influence their opinions had on Italian economic debate and Italian policy making.

This chapter focuses on the main factors driving investment treaty policy-making in developed countries. This can only be done based on an understanding of the changing socio-economic environment for foreign investments, and the chapter therefore provides significant historical context to the law and economics of the investment treaty regime. The chapter evaluates four potential explanations for why and how developed countries adopted investment treaties. These are: (i) the promotion of business interests; (ii) de-politicizing investment disputes; (iii) building customary international law; and (iv) using investment treaties for diplomatic and symbolic reasons. The chapter concludes by examining recent developments. These include the rise of investment treaty arbitration against developed country states themselves, which has prompted unprecedented political debate about investment treaties.

Managing natural resource wealth requires accommodating very large increases in investment, production, exports, and government revenues within the economy of the host country, and setting appropriate macroeconomic policies—especially fiscal, monetary, and exchange-rate policies—both to prevent resource wealth from destabilizing the economy and to ensure that its potential for economic development is maximized. This chapter focuses on the complexity of decision-making and policy on the unusual characteristics of the macroeconomic flows of the extractives sector: (i) foreign direct investment, production, exports, and revenues are often large; (ii) for each project there is a strong degree of uniformity in the sequence of activity from discovery through development to production; (iii) the non-renewable resource is finite, and so are the revenues; (iv) commodity prices are often volatile, hence public revenues can be also volatile.

The collapse of Lehman Brothers in 2008 had consequences that spread across the world. In the aftermath, Lehman affiliates from outside the United States were forced to commence their own localized insolvency proceedings. The issues multiplied even further, as even within a single country, multiple wholly-owned affiliates were forced to fill their own cases. This chapter addresses a single narrow aspect of these intercompany issues raised in the context of the Lehman cases, when viewed from the perspective of an entity subject to reorganization under chapter 11 in the United States. Specifically, this chapter asks and seeks to answer: to what extent can a US debtor seek to equitably subordinate a claim asserted by an entity that is itself subject to a separate reorganization proceeding? That may depend on whether the entity potentially subject to equitable subordination is a debtor in a foreign jurisdiction pursuant to a foreign insolvency statute.

AbstractDespite its modest position on the international stage, Canada has been able to leverage significant influence in matters of global health. The country’s global health leadership draws on its strengths as a staunch participant in multilateral activities, a large funder of global health initiatives, a defender of a rule-based international order, and an active promoter of human rights, health equity, and global citizenship. These sources of strength, though, are being undermined by ongoing challenges to and recent deviations from the country’s traditional commitment to global health. Canada recently shifted its funding for global health initiatives away from its multilateral partnerships, recent actions have violated international law, findings from the Truth and Reconciliation Commission reveal how Canada’s Indigenous peoples still face many health disparities at home, and some Canadian businesses continue to operate in foreign markets with questionable human rights practices. While there are many reasons to celebrate Canadian contributions to global health, there is also much that can be improved. If Canada wants to harness its potential as a global health leader, it should focus on consolidating the sources of its strength, which will give it greater influence in matters of global health.

AbstractThe chapter addresses questions of international law implicated by Sentenza 238/2014. It begins by revisiting the longstanding debate about state immunity and its limits, arguing that notwithstanding decades of discussion, a ‘grave breaches’ exception has never had more than marginal support in positive international law. Against that background, it comes as no surprise that the Italian Constitutional Court (ItCC), in Judgment 238/2014, did not assert the existence of a grave breaches exception as a matter of international law. Instead, the ItCC relied on what might be termed a ‘foreign relations law’ approach, holding that Italian constitutional law required it not to give domestic effect to the international law of state immunity. This ‘foreign relations law’ approach offers a last line of defence for those seeking to limit the reach of rules of state immunity. As is set out in this chapter, it is an effective line of defence because international law does not ‘by itself, possess the force to amend or repeal internationally unlawful domestic (…) acts’ (Antonio Cassese). At the same time it is a dangerous line, as it risks weakening international law generally and not just in the area of immunity. This chapter suggests that, when read as a foreign relations law decision, Sentenza 238/2014 is not as such unusual: it is one of many decisions accepting some form of ‘constitutional override’ that limits the effects of international law within domestic legal orders. However, Sentenza 238/2014 stands out because—unlike other decisions—it seems to refuse international law any place in the construction of constitutional law: in the ItCC’s ‘separatist treatment’ (Kolb) international law is denied a directive function (‘Orientierungswirkung’); it is not factored into the equation. Seen in that light, Sentenza 238/2014 (counter-intuitively, for a ‘Roman’ decision) has a ‘Lutheran’ quality; it is informed by a stubborn ‘here I stand, I can do no other’ aspect, which limits the potential for a constructive dialogue between domestic and international judiciaries.

AbstractIran has been a critical player in the Syrian war since 2011, crafting a complex foreign policy and military strategy to preserve its Syrian ally. What have been the drivers of Iranian decision-making in this conflict? And how has Iranian strategy evolved over the course of the war? This chapter argues that the logic of deterrence has been fundamental not just for shaping the contours of Iran–Syria relations since the Islamic Revolution of 1979, but also for determining the overall trajectory of Iranian strategy in the Syrian war. The authors outline Iran’s decision-making calculus and divide the country’s strategy on Syria after the Arab Spring into four primary phases: (1) a ‘Basij’ strategy to establish local militias in Syria; (2) a regionalization strategy to incorporate transnational fighters and militias in the war effort; (3) an internationalization strategy to incorporate Russia and balance the United States; and (4) a post-ISIS deterrence strategy to balance against the United States, Turkey and Israel. Iran’s Syria strategy progressively escalated in response to the possible defeat of its ally and the deterioration of its forward deterrence capacities against the United States and Israel. Today, the potential for direct inter-state conflict is rising as proxy warfare declines and Iran attempts to maintain the credibility of its forward deterrence.

The aim of this study is to specify the determinants of the outward Foreign Direct Investment (FDI) flows from Turkey. For this purpose, the ARDL Bounds Test is used in order to observe the possible relation between these flows and define potential factors that might have an effect on them. The evidences of the empirical analysis reveal that the destination countries' market size, the home country's development level, trade openness and wage rate are positively related to outward FDI while the home country's interest rate shows a negative relationship. Turkey's outward FDI is significantly determined by the opportunities of the foreign markets as well as the outstanding home country factors.

We examine political and economic drivers of demographic transition and the moderating role of institutions, macroeconomic instability and oil rents dependency in the final effects of increasing working age population on economic development and internal conflict. Using panel data estimations for more than 100 countries from 1984 to 2012 we find that demographic transition may lead to demographic dividend only if the country enjoys good quality of economic and political institutions, a diversified economy and stable consumer prices. Otherwise demographic dividend is not guaranteed. By contrast, we may expect a demographic curse. These results have important policy implications for the case of Iran which is expecting a significant transition in its population age structure since 1990s. Future of Iran is highly dependent on the proper use of potential demographic rent which can turn against the political stability if the wrong policies and institutions are in place and country dependence on oil rents continues as before.

The aim of this study is to specify the determinants of the outward Foreign Direct Investment (FDI) flows from Turkey. For this purpose, the ARDL Bounds Test is used in order to observe the possible relation between these flows and define potential factors that might have an effect on them. The evidences of the empirical analysis reveal that the destination countries' market size, the home country's development level, trade openness and wage rate are positively related to outward FDI while the home country's interest rate shows a negative relationship. Turkey's outward FDI is significantly determined by the opportunities of the foreign markets as well as the outstanding home country factors.

Online stock trading (OST) is a growing phenomenon across countries, yet there is a sparse literature focusing on the negative utilities (risks) that causing the low adoption. Drawing from perceived risk theory, this article attempts to fill the gap by identifying the influential risk factors that impede the acceptance of OST in a developing country, Pakistan. The study also applies the Hofstede cultural theory to ascertain the effects of cultural moderators on investors' usage behavior (UB). Based on structured questionnaire, 443 valid responses were received from current and potential investors. The model was tested using structural equation modeling through Smart-PLS. The results validate a negative and significant relationship between risk dimensions and investors' behavioral intentions (BI) to use OST. Especially time, financial, performance, privacy and opportunity cost risks are found having a negative impact on investors' BI. Moreover, the study finds that cultural dimensions, collectivism, and uncertainty avoidance, moderate the relationship between BI and UB.

This chapter examines the political economy of Sino-African land acquisition with emphasis on land use for agriculture. Set within an institutions framework, it articulates a discourse on the motivation of Chinese cooperation with Africa. On China's role in Africa, the chapter identifies pessimistic views that focus on the potential imperialist character of China in African development as well as optimistic views that posit that African states have a crucial role to play in being architects of their own development, by setting institutions in place to maximize gains from Chinese development cooperation. From an historical perspective, large-scale land acquisition involves dispossession of land capital, legal aspects of property rights—which have gendered perspectives—and information asymmetry, all of which are recognized challenges to foreign investment in Africa. The chapter amplifies the silent reality that other emerging economies such as India and Brazil can influence agrarian transformation of Africa.

The international system has experienced a shift from a Western-centric world dominated by the United States to a decentralized world. This accompanies a shift in the distribution of energy wherein China overtakes the US as the biggest oil importer. Energy is vital for the survival of countries' economic facilities. Japan is a country that needs to import the energy resources to run its industry. Thus, the security of its economic activities is dependent on the security of energy supplies. The fact that Turkey is a country with ambitions to become a regional energy center and has strong ties to the Middle East makes it vital to Japanese interests. Also, Japan's advanced technology and economy are vital to Turkey's ambitions of becoming an energy hub. These reciprocal interests make it possible for both countries to attain a high level of cooperation. Nevertheless, this depends on their self-awareness and political will in order to exhibit a more independent behavior which transcends their previously US-dominated foreign policy.

Naturalisation in Austria, as in most countries, is bound by certain conditions. Among others these entail an uninterrupted stay in the country for at least ten years (in special circumstances, only six years are required). Information from the Central Residence Register processed in the population statistics of Statistics Austria allows for an estimation of how many people currently living in Austria would fulfil this specific condition and therefore potentially qualify for naturalisation. The chapter presents the results of these estimations, disaggregated by citizenship, age and region of residence. EU/EFTA citizens in Austria have little propensity for naturalisation. Among non-EU/EFTA citizens, the propensity for naturalisation was higher and increasing over time. The naturalisation of all non-EU/EFTA citizens with ten years or more of residence in Austria would reduce the share of foreign citizens there from 16.7 to 13 per cent. This would roughly offset the increase in the foreign population in Austria in the last five years. The naturalisation of eligible EU/EFTA citizens would further reduce the foreigners’ share in the population to 10 per cent. If persons with a residence period of between six and ten years were also all naturalised, the percentage of foreigners would drop even further to 7.5 per cent, less than half the actual share recorded on 01 January 2020. At a regional level, Vienna has the highest potential for naturalisation, followed by Vorarlberg and Salzburg, if only non-EU/EFTA citizens residing there for ten years or more are counted.

As a result of the special attention paid by the head of our state to the tourism sector, the tourism potential of our country is growing. New modern hotels and resorts are being built. New tourist routes are being developed and services are being improved. This will be an important factor in expanding the flow of foreign tourists to our country, the development of domestic tourism, the creation of new jobs and increasing the welfare of the population. This article also discusses the level of tourism in Uzbekistan and the role of tourist destinations in it.

Input-output analysis is an analytical technique widely used both in developed and developing countries which reflects the production consumption relationships of production sectors of a country’s economy. At the same time it is the macroeconomic analysis tool that defines economic relations of each sector by production and consumption. During the process of globalization all developed and developing country economies are trying to open their economies in order to provide their economic development. However, the openness can lead to negative consequences in some countries such as increasing their external dependence. In this paper it is aimed to investigate the structure of foreign trade of Kazakhstan and to measure the external dependence of economy. For this purpose, with the help of input-output tables prepared for the period of 2006-2009, the inverse import matrix will be calculated by using coefficients of foreign trade flows, consequently the import quantities necessary to meet final demand and their changes during the period will be examined. According to the results obtained the potential impact of Kazakhstan’s foreign trade structure on both Kyrgyzstan and other Central Asian Turkish Republics will be discussed.

This article deals with the state of marketing and its role in strengthening macroeconomic indicators of the Kyrgyz Republic, but it does not apply in the country properly. The need for the use of state marketing is intensifying with the entering of Kyrgyzstan to EEU as a member. To improve the structure of foreign trade, it is proposed marketing initiatives and research on the study of the external market, the internal potential of the country, specialization of production, the creation of "umbrella brand" for the country, the best way of satisfying consumers of public services, effective control of the quality and safety of products, regulation of the relevant parameters, that meet international standards, the fight against counterfeit, creating a positive image of Kyrgyzstan in the world and others.

Globalization has allowed a number of countries to make important progresses that would contribute to economy in areas like industry and information technologies. Developed economies have obtained a cost advantage and increased both product potential and economic progress by means of advanced technologies. Developing economies, on the other hand, are required to determine the sectors to invest in order to progress. Regarding progress, it is primarily required to evaluate the tourism supply potential of countries. The tourism sector in Turkey has made a great progress for nearly more than 30 years and tourism has had positive effects upon economy. Foreign currency inflow of the country has increased the investment, revenue and employment and positively affected the balance of payments. Taking necessary precautions for Turkey to get more share from the international tourism revenue will also increase the social welfare. In this study, the place and importance of the tourism sector in economy are evaluated with the help of data. These data consist of the number of foreign tourists that come to Turkey for touristic reasons, acquired tourism revenue, touristic expenditure rates, share of tourism in the Gross National Product, as well as its effects upon the national income and share in foreign trade. Interpreting the reasons and outcomes of the recent decrease in tourism revenues in our country; it has been concluded that Turkey is in a serious need of tourism revenues and it is required to urgently intervene in this matter.

Rural development; It is one of the most fundamental elements of countries' having a strong economy and developing. The most important activity area in rural development is rural tourism. Natural wealth, historical memories, local values, etc. recognition and promotion will bring social and cultural development together. In other words, “rural tourism” will be the most important door in the development of domestic and foreign tourism in Turkey and opening up to the world. In the process of European Union accession process, the ARDSI, which is established by aiming to make the modern enterprises sustainable by increasing the welfare and livelihood of the citizens living in the countryside with the competitiveness at the international level, making stronger investments in domestic and foreign marketing, and increasing the welfare and livelihood level of our citizens living in the country, is the relevant institution of the Ministry of Agriculture and Forestry. Since 2011, ARDSI has invested approximately 3.8 billion TL in our country's economy. Within the scope of these investments, approximately 60 000 people were employed, 14 441 of whom were directly employed. In Kastamonu, ARDSI has signed an investment agreement with 11 investors to date, exceeding 11.5 million TL. For that reason, Kastamonu has become a model city for our country in the tourism area of the rural development movement. In this study, general information about the rural tourism potential in Kastamonu and ARDSI was given first and rural tourism applications in Kastamonu province were examined.

The implementation of communication identification tools in form of comprehensive triple toolkit as part of the “transparent international transport green corridor” will significantly simplify and accelerate the rate of passage and movement for transit foreign trade cargo flows. It will help law-abiding business community as foreign trade participants to follow the customs legislation within the customs territory of the EAEU, as well as to follow the level and quality of customs control at border checkpoints and within the route of goods along the entire transport corridor. The innovations will provide a huge regional infrastructure and socio-economic stability of regions, districts and settlements, thus it will lead to the stable employment of Russia and other EAEU citizens, as well as other world country-partners that take part in the “transparent international transport green corridor”.

Given the high level of integration of the world economy, foreign trade has become very important for the development of a country. Even though Turkey exports goods and services to the majority of countries in each continent, until recently Turkey has basically focused on exports to developed European countries. The main purpose of this study is to analyze Turkey's export potential with the help of the gravity model. For this purpose, first a gravity model has been set up using panel data which consists of bilateral data for 68 countries for the period 1980-2009, and then Turkey’s exports potential to 67 countries, accounting for more than 90 percent of Turkey’s total exports, has been calculated. The most important finding of the study is that Turkey’s exports in general is below potential and there is a further room for increasing exports. In this context, according to our analysis, while Turkey’s export potential has been used up especially for developed European countries, high levels of untapped export potential exists for the majority of neighboring countries and for some of the developing countries. Another finding from this study is that trade between two countries increases proportional to their GDPs and decreases proportional to the distance between them. While the existence of features such as common language, contiguity, being parts of the same state in the past and using the same currency increases the trade between two countries, the effect of some variables on trade such as the real exchange rate depends on countries' level of development.

It is propounded that there are two motivations behind foreign direct investments (FDI). One of them is to invest in foreign countries because of trade barrier to export. In this case foreign investors operate in import substitution industries (ISI). The second fact to invest in another country away from homeland is to get benefit from cost advantages such as cheap labor and inputs, positioning closed to developed countries. With this aspect foreign investors operate in export oriented sectors (EOS). The economic consequences were discussed lighting on study’s aim examining the FDI to Transitions Countries whether are ISI or EOS. The foreign direct investments to Transitions Countries were investigated by panel data analysis. First and second generation unit root tests and cross section dependency tests were applied. Long and short term regressions were realized. The data set were obtained from Word Bank Data Base and annually data were collected between 1993 and 2012. Theoretically and statistically expected coefficients and coefficient’s sign for explanatory variables have been obtained. It is as a result observed that the countries have higher internal market potential to take foreign direct investments to import substitution industries. The countries close to developed economies have been drawing foreign direct investments to export oriented sectors.

The object of the study is the regions of Transbaikalia joined the Far Eastern Federal District, through which the main connecting infrastructure of the macroregion with the main territory of the country passes. The purpose of the paper is to show the position of Transbaikalia in the system of the emerging economic corridor China-Mongolia-Russia as a part of China's foreign policy initiative "One Belt - One Road" by analyzing the impact of foreign investment on its current economic situation. This corridor will facilitate the access of Chinese companies to the resources of Siberia and the Far East, enhancing the resource specialization of the area. At the same time, the geostrategic functions of the Trans-Baikal territory, given to it by the new Spatial Strategy of the Russian Federation, require strengthening its own economic potential through the development and diversification of the local economy and horizontal ties between the subjects of the macroregion.

The progressive development of the economy of each country in the context of globalization is to a large extent determined by its foreign trade activities. Individual entrepreneurship of the Kyrgyz Republic was the locomotive for the development of trade cooperation with many countries of the far abroad, among which Turkey is one of the leaders. Sources of research: statistical data. The main methods of cognition: analysis, synthesis, logical sequence. Key findings: The participation of the Kyrgyz Republic in the Eurasian Economic Union (EAEU) contributed to the revival of trade relations of the Kyrgyzstan with the EAEU members and other countries. The structure of foreign trade has improved: leading export growth compared to import growth. The pace of development of foreign trade relations shows that the participation of Kyrgyzstan in the EAEU is not a deterrent to its integration into the world trade community. The production orientation of imports from Turkey and China showed the basis for restoring the production potential of the light industry of Kyrgyzstan. An analysis of official data on foreign trade of Kyrgyzstan and mirror statistics of key partner countries revealed the problem of the presence of inaccuracy in the statistics of foreign trade of Kyrgyzstan and possible budget losses. The principles of building a new relationship between a man and society under the influence of the Covid-19 pandemic will be based on the rationalization of consumption and production. This will be the basis for the restoration and development of foreign trade of the Kyrgyz Republic.

1.1 Macroeconomic summary Economic recovery has consistently outperformed the technical staff’s expectations following a steep decline in activity in the second quarter of 2020. At the same time, total and core inflation rates have fallen and remain at low levels, suggesting that a significant element of the reactivation of Colombia’s economy has been related to recovery in potential GDP. This would support the technical staff’s diagnosis of weak aggregate demand and ample excess capacity. The most recently available data on 2020 growth suggests a contraction in economic activity of 6.8%, lower than estimates from January’s Monetary Policy Report (-7.2%). High-frequency indicators suggest that economic performance was significantly more dynamic than expected in January, despite mobility restrictions and quarantine measures. This has also come amid declines in total and core inflation, the latter of which was below January projections if controlling for certain relative price changes. This suggests that the unexpected strength of recent growth contains elements of demand, and that excess capacity, while significant, could be lower than previously estimated. Nevertheless, uncertainty over the measurement of excess capacity continues to be unusually high and marked both by variations in the way different economic sectors and spending components have been affected by the pandemic, and by uneven price behavior. The size of excess capacity, and in particular the evolution of the pandemic in forthcoming quarters, constitute substantial risks to the macroeconomic forecast presented in this report. Despite the unexpected strength of the recovery, the technical staff continues to project ample excess capacity that is expected to remain on the forecast horizon, alongside core inflation that will likely remain below the target. Domestic demand remains below 2019 levels amid unusually significant uncertainty over the size of excess capacity in the economy. High national unemployment (14.6% for February 2021) reflects a loose labor market, while observed total and core inflation continue to be below 2%. Inflationary pressures from the exchange rate are expected to continue to be low, with relatively little pass-through on inflation. This would be compatible with a negative output gap. Excess productive capacity and the expectation of core inflation below the 3% target on the forecast horizon provide a basis for an expansive monetary policy posture. The technical staff’s assessment of certain shocks and their expected effects on the economy, as well as the presence of several sources of uncertainty and related assumptions about their potential macroeconomic impacts, remain a feature of this report. The coronavirus pandemic, in particular, continues to affect the public health environment, and the reopening of Colombia’s economy remains incomplete. The technical staff’s assessment is that the COVID-19 shock has affected both aggregate demand and supply, but that the impact on demand has been deeper and more persistent. Given this persistence, the central forecast accounts for a gradual tightening of the output gap in the absence of new waves of contagion, and as vaccination campaigns progress. The central forecast continues to include an expected increase of total and core inflation rates in the second quarter of 2021, alongside the lapse of the temporary price relief measures put in place in 2020. Additional COVID-19 outbreaks (of uncertain duration and intensity) represent a significant risk factor that could affect these projections. Additionally, the forecast continues to include an upward trend in sovereign risk premiums, reflected by higher levels of public debt that in the wake of the pandemic are likely to persist on the forecast horizon, even in the context of a fiscal adjustment. At the same time, the projection accounts for the shortterm effects on private domestic demand from a fiscal adjustment along the lines of the one currently being proposed by the national government. This would be compatible with a gradual recovery of private domestic demand in 2022. The size and characteristics of the fiscal adjustment that is ultimately implemented, as well as the corresponding market response, represent another source of forecast uncertainty. Newly available information offers evidence of the potential for significant changes to the macroeconomic scenario, though without altering the general diagnosis described above. The most recent data on inflation, growth, fiscal policy, and international financial conditions suggests a more dynamic economy than previously expected. However, a third wave of the pandemic has delayed the re-opening of Colombia’s economy and brought with it a deceleration in economic activity. Detailed descriptions of these considerations and subsequent changes to the macroeconomic forecast are presented below. The expected annual decline in GDP (-0.3%) in the first quarter of 2021 appears to have been less pronounced than projected in January (-4.8%). Partial closures in January to address a second wave of COVID-19 appear to have had a less significant negative impact on the economy than previously estimated. This is reflected in figures related to mobility, energy demand, industry and retail sales, foreign trade, commercial transactions from selected banks, and the national statistics agency’s (DANE) economic tracking indicator (ISE). Output is now expected to have declined annually in the first quarter by 0.3%. Private consumption likely continued to recover, registering levels somewhat above those from the previous year, while public consumption likely increased significantly. While a recovery in investment in both housing and in other buildings and structures is expected, overall investment levels in this case likely continued to be low, and gross fixed capital formation is expected to continue to show significant annual declines. Imports likely recovered to again outpace exports, though both are expected to register significant annual declines. Economic activity that outpaced projections, an increase in oil prices and other export products, and an expected increase in public spending this year account for the upward revision to the 2021 growth forecast (from 4.6% with a range between 2% and 6% in January, to 6.0% with a range between 3% and 7% in April). As a result, the output gap is expected to be smaller and to tighten more rapidly than projected in the previous report, though it is still expected to remain in negative territory on the forecast horizon. Wide forecast intervals reflect the fact that the future evolution of the COVID-19 pandemic remains a significant source of uncertainty on these projections. The delay in the recovery of economic activity as a result of the resurgence of COVID-19 in the first quarter appears to have been less significant than projected in the January report. The central forecast scenario expects this improved performance to continue in 2021 alongside increased consumer and business confidence. Low real interest rates and an active credit supply would also support this dynamic, and the overall conditions would be expected to spur a recovery in consumption and investment. Increased growth in public spending and public works based on the national government’s spending plan (Plan Financiero del Gobierno) are other factors to consider. Additionally, an expected recovery in global demand and higher projected prices for oil and coffee would further contribute to improved external revenues and would favor investment, in particular in the oil sector. Given the above, the technical staff’s 2021 growth forecast has been revised upward from 4.6% in January (range from 2% to 6%) to 6.0% in April (range from 3% to 7%). These projections account for the potential for the third wave of COVID-19 to have a larger and more persistent effect on the economy than the previous wave, while also supposing that there will not be any additional significant waves of the pandemic and that mobility restrictions will be relaxed as a result. Economic growth in 2022 is expected to be 3%, with a range between 1% and 5%. This figure would be lower than projected in the January report (3.6% with a range between 2% and 6%), due to a higher base of comparison given the upward revision to expected GDP in 2021. This forecast also takes into account the likely effects on private demand of a fiscal adjustment of the size currently being proposed by the national government, and which would come into effect in 2022. Excess in productive capacity is now expected to be lower than estimated in January but continues to be significant and affected by high levels of uncertainty, as reflected in the wide forecast intervals. The possibility of new waves of the virus (of uncertain intensity and duration) represents a significant downward risk to projected GDP growth, and is signaled by the lower limits of the ranges provided in this report. Inflation (1.51%) and inflation excluding food and regulated items (0.94%) declined in March compared to December, continuing below the 3% target. The decline in inflation in this period was below projections, explained in large part by unanticipated increases in the costs of certain foods (3.92%) and regulated items (1.52%). An increase in international food and shipping prices, increased foreign demand for beef, and specific upward pressures on perishable food supplies appear to explain a lower-than-expected deceleration in the consumer price index (CPI) for foods. An unexpected increase in regulated items prices came amid unanticipated increases in international fuel prices, on some utilities rates, and for regulated education prices. The decline in annual inflation excluding food and regulated items between December and March was in line with projections from January, though this included downward pressure from a significant reduction in telecommunications rates due to the imminent entry of a new operator. When controlling for the effects of this relative price change, inflation excluding food and regulated items exceeds levels forecast in the previous report. Within this indicator of core inflation, the CPI for goods (1.05%) accelerated due to a reversion of the effects of the VAT-free day in November, which was largely accounted for in February, and possibly by the transmission of a recent depreciation of the peso on domestic prices for certain items (electric and household appliances). For their part, services prices decelerated and showed the lowest rate of annual growth (0.89%) among the large consumer baskets in the CPI. Within the services basket, the annual change in rental prices continued to decline, while those services that continue to experience the most significant restrictions on returning to normal operations (tourism, cinemas, nightlife, etc.) continued to register significant price declines. As previously mentioned, telephone rates also fell significantly due to increased competition in the market. Total inflation is expected to continue to be affected by ample excesses in productive capacity for the remainder of 2021 and 2022, though less so than projected in January. As a result, convergence to the inflation target is now expected to be somewhat faster than estimated in the previous report, assuming the absence of significant additional outbreaks of COVID-19. The technical staff’s year-end inflation projections for 2021 and 2022 have increased, suggesting figures around 3% due largely to variation in food and regulated items prices. The projection for inflation excluding food and regulated items also increased, but remains below 3%. Price relief measures on indirect taxes implemented in 2020 are expected to lapse in the second quarter of 2021, generating a one-off effect on prices and temporarily affecting inflation excluding food and regulated items. However, indexation to low levels of past inflation, weak demand, and ample excess productive capacity are expected to keep core inflation below the target, near 2.3% at the end of 2021 (previously 2.1%). The reversion in 2021 of the effects of some price relief measures on utility rates from 2020 should lead to an increase in the CPI for regulated items in the second half of this year. Annual price changes are now expected to be higher than estimated in the January report due to an increased expected path for fuel prices and unanticipated increases in regulated education prices. The projection for the CPI for foods has increased compared to the previous report, taking into account certain factors that were not anticipated in January (a less favorable agricultural cycle, increased pressure from international prices, and transport costs). Given the above, year-end annual inflation for 2021 and 2022 is now expected to be 3% and 2.8%, respectively, which would be above projections from January (2.3% and 2,7%). For its part, expected inflation based on analyst surveys suggests year-end inflation in 2021 and 2022 of 2.8% and 3.1%, respectively. There remains significant uncertainty surrounding the inflation forecasts included in this report due to several factors: 1) the evolution of the pandemic; 2) the difficulty in evaluating the size and persistence of excess productive capacity; 3) the timing and manner in which price relief measures will lapse; and 4) the future behavior of food prices. Projected 2021 growth in foreign demand (4.4% to 5.2%) and the supposed average oil price (USD 53 to USD 61 per Brent benchmark barrel) were both revised upward. An increase in long-term international interest rates has been reflected in a depreciation of the peso and could result in relatively tighter external financial conditions for emerging market economies, including Colombia. Average growth among Colombia’s trade partners was greater than expected in the fourth quarter of 2020. This, together with a sizable fiscal stimulus approved in the United States and the onset of a massive global vaccination campaign, largely explains the projected increase in foreign demand growth in 2021. The resilience of the goods market in the face of global crisis and an expected normalization in international trade are additional factors. These considerations and the expected continuation of a gradual reduction of mobility restrictions abroad suggest that Colombia’s trade partners could grow on average by 5.2% in 2021 and around 3.4% in 2022. The improved prospects for global economic growth have led to an increase in current and expected oil prices. Production interruptions due to a heavy winter, reduced inventories, and increased supply restrictions instituted by producing countries have also contributed to the increase. Meanwhile, market forecasts and recent Federal Reserve pronouncements suggest that the benchmark interest rate in the U.S. will remain stable for the next two years. Nevertheless, a significant increase in public spending in the country has fostered expectations for greater growth and inflation, as well as increased uncertainty over the moment in which a normalization of monetary policy might begin. This has been reflected in an increase in long-term interest rates. In this context, emerging market economies in the region, including Colombia, have registered increases in sovereign risk premiums and long-term domestic interest rates, and a depreciation of local currencies against the dollar. Recent outbreaks of COVID-19 in several of these economies; limits on vaccine supply and the slow pace of immunization campaigns in some countries; a significant increase in public debt; and tensions between the United States and China, among other factors, all add to a high level of uncertainty surrounding interest rate spreads, external financing conditions, and the future performance of risk premiums. The impact that this environment could have on the exchange rate and on domestic financing conditions represent risks to the macroeconomic and monetary policy forecasts. Domestic financial conditions continue to favor recovery in economic activity. The transmission of reductions to the policy interest rate on credit rates has been significant. The banking portfolio continues to recover amid circumstances that have affected both the supply and demand for loans, and in which some credit risks have materialized. Preferential and ordinary commercial interest rates have fallen to a similar degree as the benchmark interest rate. As is generally the case, this transmission has come at a slower pace for consumer credit rates, and has been further delayed in the case of mortgage rates. Commercial credit levels stabilized above pre-pandemic levels in March, following an increase resulting from significant liquidity requirements for businesses in the second quarter of 2020. The consumer credit portfolio continued to recover and has now surpassed February 2020 levels, though overall growth in the portfolio remains low. At the same time, portfolio projections and default indicators have increased, and credit establishment earnings have come down. Despite this, credit disbursements continue to recover and solvency indicators remain well above regulatory minimums. 1.2 Monetary policy decision In its meetings in March and April the BDBR left the benchmark interest rate unchanged at 1.75%.