Legal Mechanisms to Improve the Business Environment in Algeria and Kuwait: from Attracting Investment to Achieving Sustainable Investment
Dr. Badreddine Berrahlia
Lecturer “A”, Professor of Investment Law
and Sustainable Development Law, Faculty of Law
Badji Mokhtar University, Annaba, Algeria
Abstract:
The paper deals with the new directions of investment policies. It is based on the analysis of legal mechanisms to improve the business environment in Algeria and Kuwait. The paper concluded that both Algeria and Kuwait need to make more efforts to digitize administrative tools related to investment, to catch up with financial technology and modern technology, and to establish alternative means for resolving investment disputes.
The paper concludes that to achieve the transition from quantity to quality in investment, and to avoid the race to the bottom, Algeria and Kuwait should restructure their policies towards a type of investment, which is “sustainable”. Sustainable investment is not limited to improving the country’s ranking in the business environment index, but to the creation of a special legal system that includes a model of new international agreements which relies on redirecting incentives towards investments that serve the economy, society, and the environment.
Key words: sustainable investment, legal framework, business environment, Algeria, Kuwait.