Abstract
This research endeavours to set out to empirically examine the determinants of Foreign Direct Investment (FDI) in Agriculture Sector based on selected high-income developing economies in OIC countries. The agriculture sectors react as important keys in the expansion of any economy growth to eliminate the poverty issues. Therefore, it reviews the experiences of agriculture investment in selected member countries with a view to identify potential roles for countries seeking FDI and their development partners in nurturing FDI intra OIC especially in the agriculture new investment. In this study, the FDI in Agriculture Sector react as dependent variable and the independent variable economic determinant, list of market size, inflation, poverty, exchange rate and infrastructure in selected OIC Countries (Malaysia, Oman and Brunei).
Highlights
This paper reviews the agriculture sector in member countries of Organization of the Islamic Cooperation (OIC), and pays specific attention to issues of determining the potential foreign direct investment (FDI) in the sector
This paper reviews the agriculture sector in member countries of Organization of the Islamic Cooperation (OIC), and pays specific attention to issues of determining the potential FDI in the sector. It reviews the experiences of agriculture investment in selected member countries with a view to identify potential roles for countries seeking FDI and their development partners in nurturing FDI intra OIC especially in the agriculture new investment
With the sector being a vital source of employment with over 65 percent of the developing countries labor force depending on agriculture, it is not surprising that agriculture development is essential in any poverty alleviation policy
Summary
This paper reviews the agriculture sector in member countries of Organization of the Islamic Cooperation (OIC), and pays specific attention to issues of determining the potential FDI in the sector. Incremental on the foods price viewed during the food crisis in year 2006 until 2008 triggered several serious harmful socio-economic impacts on the economies of many developing countries, including the OIC members. It created further poverty for millions of societies who were already distress from the hunger and poverty in these countries. The agriculture sectors react as important keys in the expansion of any economy growth to eliminate the poverty issues These roles are even more pronounced in low income economies where majority of the residents live in rural areas and they are rely directly, indirectly or greatly on the sector. Non-monetary poverty indicators vary among the OIC Countries for examples Human Development Index values of OIC countries are between 0.855 and 0.304, Multidimensional Poverty Index values are between zero and 0.642, and Global Hunger Index values are between zero and 33.6
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