Role of FDI on the economic growth of Turkmenistan

Elmentve itt :
Bibliográfiai részletek
Szerző: Annageldiyev Myratgeldi
További közreműködők: Birizdó Imre
Koudela Pál
Dokumentumtípus: Diplomadolgozat
Kulcsszavak:economic growth
Emerging Markets
employment
Foreign Direct Investment
Multinational Corporations
Technology Transfer
Online Access:http://dolgozattar.uni-bge.hu/57286

MARC

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520 3 |a Considering the unique economic configuration, abundant natural resources, and strategic geographical location of Turkmenistan, the impact of Foreign Direct Investment (FDI) on the nation's economic expansion presents an intricate analytical aspect. This abstract provides a synopsis of the fundamental components and consequences of foreign direct investment on the economy of Turkmenistan. Turkmenistan has historically leveraged its substantial natural gas reserves and advantageous geographical position in Central Asia to propel its economic development. Foreign direct investment (FDI) has been predominantly allocated to the energy sector, with the majority of that capital being utilised for the exploration and extraction of natural gas and hydrocarbon deposits. The influx of investments has led to growth in the nation's gross domestic product (GDP) and foreign exchange reserves. Additionally, it has facilitated the modernization of infrastructure, advancement of technology, and construction of pipelines with an export focus. This study adopted a mixed methodology to evaluate the contribution of FDI in Turkmenistan’s economic growth. quantitative data from world Bank and UNCTAD was collected and analysed. At the same time case studies from Turkmenistan’s main investors were studied to understand the practical significance of FDI on growth. The results confirmed that foreign direct investments have a positive impact on the growth of Turkmenistan’s economy. Additionally, the case studies confirmed that the GDP of Turkmenistan has been largely contributed by FDI in the energy sector as well as the modernized textile industry. The abundance of oil and gas supplies in Turkmenistan proves the fact that energy sector plays a crucial role. Additionally, the case studies revealed that the investment climate is hindered by a challenging regulatory environment. Issues such as bureaucratic procedures, unclear regulatory policies, and weak legal protections for investors can create an unpredictable business environment. The country's regulatory framework can be opaque and challenging for foreign businesses. Issues such as bureaucratic red tape, lack of transparency, and inconsistent application of laws can create an unpredictable investment climate. 
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695 |a Emerging Markets 
695 |a employment 
695 |a Foreign Direct Investment 
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695 |a Technology Transfer 
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700 1 |a Koudela Pál  |e ths 
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