The Effect Of Foreign Direct Investment In Information And Communication Technology In Developing Countries:, The Case Of Sultanate Of Oman

Abstract

One of the main areas in developing the economy of any country is the planning of the foreign direct investment (FDI) to be employed in a proper manner as a very crucial tool in development. FDI has many effects; and one of them is flourishing the ICT sector as a vital sector which includes four sub-sectors according to the World Bank (High-Technology Exports, ICT Goods Exports, ICT Goods Imports, ICT Service Exports). The authors try to test the effect of FDI on flourishing ICT sub-sectors as one of the drivers of economy development, the proper employment of FDI is an echo of healthy, well planning of it. The results show that there is ad-hoc planning of FDI and there should be a clearer view of how to exploit FDI in economy development and especially in ICT.