Titlebook: Capital Flows and Foreign Direct Investments in Emerging Markets; Sima Motamen-Samadian Book 2005 Palgrave Macmillan, a division of Macmil

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und that the difficulties engendered by the economic policies pursued, and the poor performance associated with decades of state-led development, have left them with no alternative other than to engage in a process of reforms at a time when the world economy was undergoing major transformations.

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l transfer, employment, productivity gains, competitiveness and so on. In view of these considerations, attracting FDI has an integral element of policy reforms in many developing countries. Tunisia is no exception.

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Foreign Direct Investment in North Africa: A Comparative Perspective,und that the difficulties engendered by the economic policies pursued, and the poor performance associated with decades of state-led development, have left them with no alternative other than to engage in a process of reforms at a time when the world economy was undergoing major transformations.

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Book 2005to that region. They highlight the importance of political stability, as well as social and economic freedom in attracting FDIs. The studies also show the extent by which African and Middle Eastern countries have lagged behind other emerging markets and the need for urgent adjustment policies.

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f the host country and adversely affected the stability of its foreign exchange market. The economic downturn and the uncertainties that were created in each case drove many investors out of emerging markets. The shortage of capital, on the other hand, compelled the authorities in many an emerging e

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ng markets, especially those in Asia, Central and Eastern Europe. Africa, on the contrary, has been lagging behind in attracting these essential investments for its development in general and poverty reduction in particular. This chapter attempts to describe the driving forces behind FDI inflows int

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