Assessment of the Impact of Foreign Direct Investment in Mbeya City in Tanzania.

Itunda, Solomon Jones (2020) Assessment of the Impact of Foreign Direct Investment in Mbeya City in Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

The study assessed the impact of Foreign Direct Investment on the economic growth in Mbeya City in Tanzania. Specifically, the study explored the benefits accrued from Foreign Direct Investment (FDI) on the economic growth, established the perception of employees on the implementation of FDI system in Mbeya City and determined the challenges hindered the practice of FDI. The participants in this study were 130 whereas 125 were employees, 4 were investors and 1zonal investment officer. The data were collected through questionnaires that were administered to employees and interview which was administered to investors and zonal investment officer. The qualitative data were analysed through content analysis while questionnaires were analysed using descriptive statistics. The findings revealed that FDI had great benefits such as infrastructure development like electricity connections, provision of capital inflow to the government and other individuals, interconnection and integration among peoples living in Mbeya City. As well, the employees and investors had positive perceptions towards the operationalization of FDI. However, various barriers such as prolonged time, inadequacy of skilled labour and complicated taxes as well as corruption hindered the implementation process of FDI. It was further recommended that FDI should be implemented as per directives of Investment Policy. Keywords: Foreign Direct Investment , Economic Growth, Implimantation, Economic.

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