Foreign Direct Investment in Mongolia – Its determining factors and policies
|Author:||Bc. Enkh-Amgalan Renchindorj|
|Year:||2012 - summer|
|Leaders:|| doc. Ing. Vladimír Benáček CSc.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||It is considered that Foreign Direct Investment (FDI) has an important role for economic growth and economic development in particularly developing countries. In today’s world are almost all countries that involved in the process of international investment cooperation. It has become axiomatic that sustainable economic development is impossible without the effective participation in global economic processes, including those without the active involvement of Foreign Direct Investment (FDI).
Mongolia is a one of the fastest growing country in the world and like any other developing countries; nowadays FDI is one of the important factors in the economic development of Mongolia. This country has rich natural and mineral resources and recently has discovered world’s largest copper-gold ore and become one of the top FDI attracting countries in the world. In order to use its resources efficiently, authorities need to study from others experience, not to repeat their mistakes but ought to learn from their success.
In this thesis I wanted to introduce important theories about FDI that have been studied many years and also possible risks that has occurred over the years in order to study and learn from it. I used regression analysis to determine the how important is FDI and Domestic Investment to the GDP growth and also tried to analyse which factor is significant to attract the FDI inflow.
Keywords: Foreign Direct Investment, theories, economic growth, domestic investment, Dutch disease, Mongolia, investment, regression analysis, estimation,