“…From a study of 50 African countries, political stability, control of corruption, and regulatory quality were found to have a significant impact on FDI inflows (Gangi and Abdrazak, 2012), whereas low regulatory law and political stability enhanced FDI inflows of 45 developing countries in Africa, Asia, and Latin America (Bissoon, 2011). A study of 103 countries between 2001-2007 revealed that good governance indicators showed mixed results in both effect and significance (Spatafora and Luca, 2012), which is in line with the result from a study of 124 countries between 1996-2009 (Gordon et al, 2012). From 1995-1997, voice and accountability, government effectiveness, regulation, and control of corruption had significant positive effects on 115 developing and developed countries (Globerman and Shapiro, 2003).…”