Foreign Direct Investment in an Emerging Market: Implications for Policy-Making in Kazakhstan
Kasachstan; Direktinvestition; Wirtschaftspolitik
DDC (Dewey Decimal Classification)
Wirtschaft - 330
Freie Stichwörter (deutsch)
Freie Stichwörter (englisch)
FDI; Investment; Kazakhstan; Policy-Making; Emerging Market
This paper focuses on the strategy formulation process by exploring how strategies, especially those for foreign direct investments (FDIs), are being formulated, and on what they are based. More specifically, this research analyzes how a company's strategy formulation process may change or may need to be adapted for the specific operating environment of an emerging market. A decision-making process develops over the lifetime of an organization and is thus influenced by the company's operating environment. That is why one can readily differentiate bureaucratic government or state-owned enterprises, which operate in a secure and stable market, from entrepreneurial organizations and young start-ups.
The majority of publications concerning FDI describes the investment in developed countries (i.e. USA, Western Europe), while very little is said about the investment determinants in less developed countries or countries in transition. In addition, research into managers' perceptions, country stereotypes and their influence on investment decision is not adequate. This study adds to the existing information by examining a country in transition that is new to foreign investment, from the standpoint of foreign investors' perceptions about that country and its investment climate. The selected country is Kazakhstan, quite a new participant in the rivalry to attract foreign investment, a country offering foreign investors many potential advantages but also with many potential threats. The research attempts to determine factors influencing the position of Kazakhstan in the eyes of foreign investors.
This study investigates the investment climate of Kazakhstan as seen by foreign investors, their level of satisfaction or dissatisfaction with their investment, and factors influencing their choice of Kazakhstan as an investment location.
Chong, Li-Choy (Prof. Dr.)
Spremann, Klaus (Prof. Dr.)
Erweitertes Diss. Komitee
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