Title Page

ABSTRACT

Contents

1. Introduction 12

2. Theoretical Considerations of Multinational Corporation 16

2.1. Multinational Corporation Concept (MNC) 16

2.1.1. Characteristics of Multinational Corporations 16

2.1.2. Types of Multinational Corporations 18

2.2. Significance of Localization Strategy of Multinational Corporations 19

2.2.1. Localization Strategy Concept 19

2.2.2. Foreign Direct Investment Concept (FDI) 20

3. Current Status and Characteristics of Foreign Direct Investment in Angola 21

3.1. Foreign Direct Investment Policy (FDI Law and government policy) 21

3.2. Current Status and Characteristics of Foreign Direct Investment 24

3.3. Economic Effect of Foreign Direct Investment 26

4. Localization Strategy Related Factors 32

4.1. Motivation 32

4.2. Type of Investment 33

4.3. Industrial Characteristics 35

4.4. Individual Company Characteristics 36

4.5. Local Environmental Factors (Government Policy, Deposit, Environment, Ownership Ratio, etc.) and Laws 37

5. Conclusion 39

References 42

국문초록 47

Table 2.1. Multinational Companies Characteristics 17

Table 2.2. Types of Multinational Corporations 18

Table 3.1. Value of Foreign Investment 25

Table 3.2. No. of FDI Projects Registered 25

Table 3.3. Direct Investment by Sector 2019-2020 27

Table 3.4. Direct Investment by Sector I - II Quarter 2020 28

Table 3.5. Direct Investment by Sector III - IV Quarter 2020 28

Table 3.6. Direct Investment by Sector I - II Quarter 2021 29

Table 3.7. Direct Investment by Sector III - IV Quarter 2021 30

Table 3.6. Direct Investment by Sector I - II Quarter 2022 30

Figure 3.1. Top 10 investors 25

Figure 3.2. Main Countries of Origin of FDI in Oil Sector 31

Figure 3.3. Main Countries of Origin of FDI in Non-Oil Sector 31