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CHAPTER TWO THE CONCEPT AND PATTERNS OF JOINT INVESTMENT 2.1. Introduction The complex nature of international investment presents many complicated problems affecting the relationship between nations. Developed countries, on the one hand, seek to invest their capital and technical know-how in projects based in developing countries purposely for their own economic benefit. On the other hand, developing countries either want to develop their human abilities and natural resources or to invest their capital in better circumstances in each case for the benefit of their people. Libya as an oil producing country tries to gain both goals. It strives to have an exclusive right to control and direct the investment activities based in its territory as the government thinks fit and invest its capital in other countries. To achieve these goals, firstly, Libya escaped from the previous system of investment, namely, the foreign investments concessionary system whereby the investors used to own their...

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