The impact of exchange rate liberalization on foreign direct investment in Egypt (quantitative study).

Foreign direct investment plays an effective and essential role in the development process in the Egypt, as a complement to domestic savings and an alternative to external borrowing, in addition to the fact that the flow of these investments is often accompanied by the transfer of expertise in management and modern technology, which contributes to increasing productivity and improving the competitiveness of existing industries, in addition to the establishment of new industries that lead to the creation of more jobs and the exploitation of available resources. Foreign direct investment theories have provided many determinants that affect investment decision-making, the most important of which are internal determinants that involve both economic determinants and political determinants, a set of policies and laws related to the economic structure, and the adoption of financial and monetary policies that affect foreign direct investment, and the impact of the exchange rate on foreign direct investment is clearly shown, and it receives increasing attention from economists, Between proponents and opponents of exchange rate fixation, economic studies have disagreed on the role that the exchange rate can play in influencing FDI. The importance of the exchange rate seems to be the first link between the investor and the country in which the investment is to be invested, and on the extent of the impact of exchange rate policy on foreign direct investments, it is necessary to carefully research to reach a clear picture about that relationship and analyze the results.