DIGITIZATION OF THE ECONOMY AND ITS IMPACT ON FOREIGN INVESTMENT IN JORDAN

Abstract

The study aimed to identify the components of the digital economy, study the concepts and fundamentals of foreign direct investment and create a relationship between the indicators of the digital economy and foreign direct investment in Jordan. Where research used the analytical descriptive method to reach results, the technological revolution contributed to the world's transformation from the traditional economy to the digital economy based on information technology. The research also showed that there is a correlation between technological advancement, Internet users, social media programs and foreign investment. In addition, there are positive indicators of transformation of Jordan's digital economy by improving its infrastructure and legislative, as recommended by the research: Make changes to education and training programmes, increase spending on research and development, improve infrastructure and create an enabling environment for investment and support private initiatives and innovation. It is also necessary to enact laws and legislation guaranteeing the rights of customers in the digital economy to combat all forms of fraud and piracy in order to create credibility for the digital system. Reduce the costs of using modern technological tools and Internet privacy, and conclude bilateral agreements with developed countries in this area to benefit in the field of qualification and training, as well as attract and encourage foreign investments in modern technologies.