Non Metallic Products And Its Effects On The Economy Essay

Deardorff (2001) stated that, direct foreign investments refer to the particular countries and kinds of countries toward which a country's exports are sent, and from which its imports are brought, in contrast to the commodity composition of its exports and imports. Besides, direct foreign investments also can be defined as the situation in which a foreign investor owns10% or more of the ordinary shares or voting power of a local company. Thus, the pattern that the direct foreign investments follow is that of a bilateral trade.

Financial services – Businesses can use services like COD secure and capital merchant services, Insurance, Financing and lending for their financial needs.

production was at its peak and had some very mixed results. In documents 4, 6, 7, 8 they show

Such industries that provide services and/or good to the economy to sell, trade, make profit would include the:

Economic mainstay: Sugar production until the 1940s. Manufacturing and tourism have become the main economic activity and source of income. Manufacturing composes about 46% of the GDP of the island.

(firms) have overall – some have invested in foreign countries through FDI - felt that

Each country has its main export. Main exports of this region include bananas, tropical fruits, rice, coffee, corn, and sugarcane.

Foreign investment is an important part of our economy. There are many benefits to foreign investment in any country. It would be very difficult or impossible today to close the doors to foreign investment. The fact is foreign investment is responsible for providing a great deal of needed capital in this country. This capital is an asset in the continuous modernization and expansion of our manufacturing and other productive facilities. Without investment in our factories and processes we would fall behind in the world market. These investments lead to increased competitiveness within the international community.

Example: Non basic industries are primarily to provide produces to consumers in a community. In Brooklyn, New York there are vast industries that provide these types of services. Various supermarkets such as Trader Joe only devise the local community. In this area, the service is local to the settlement and nothing is exported form the area. Other examples of non-basic industries within Brooklyn is a small cafe called Té-Té-Té. this business sells its products to the local community; therefore, it is considered a non-basic industry.

1. The foreign national should he able to demonstrate his/her experiemce in business. This is ensured by deploying the investor with 5 employees which he is supposed to manage.

The economy as a whole has a general unemployment rate of 4.3% out of a labor force of 5.233 million. In 2013 the majority of the workers were in the state sector at 72.3%, and the rest in the non state sector at 27.7%. This is a change from 2011 when the majority of the workers were in services at 63.2%. The other two sections split between agriculture at 19.7%, and industry at 17.1%. The industrial market consist of sugar, petroleum, tobacco, construction steel, cement, agricultural machinery, pharmaceuticals, and nickel. The natural resources are cobalt, nickel, iron ore, copper, manganese, salt, timber, silica, petroleum, and arable land. The agricultural market consists of sugar, tobacco, citrus, coffee, rice,

The Economy: Industry based off of food processing, motor vehicles, consumer durables, and textiles. Agriculture includes sunflower seeds, lemons, soybeans, and livestock. The main exports are edible oils, fuels and energy, cereals, feed, and motor vehicles.

casual apparel industry which could lead to more sales. The international market is another opportunity,

The activities of Refining and Marketing include oil supply and trading as well as refining and marketing. Chemicals activities include petrochemicals manufacturing and marketing. In addition, the Company has a solar energy business which is one of the world's largest manufacturers of photovoltaic modules and systems.

The Gulf member countries are investing in Ethiopia despite their volume of investments is not that much as expected as compared to their proximity to Ethiopia and the historical bondage. It needs from the authorities of foreign investment more promotion for the coming future to pave the way for more investment coming from Gulf Arab Countries and other investors. The following Table shows the Gulf Arab Countries investment comparing with all of foreign investments in Ethiopia.