Attributies of Tanzania Economic Diplomacy in Determining Foreign Direct Investment:

Abstract

This study assessed the attributes of economic diplonicy in de ter nl inill i investment. the study was guided by liberalism theory, inci a cross-sectional research d( was employed. Similarly, a mixed research approach was used, and stratified and purpw;ivo sampling strategies were employed to obtain a sample size of 127 respondents. Questionnaires and interviews used to collect data from the respondents. Data wore analyzed using descriptive, inferential, and content analysis, The study's first research objective explores the pivotal role of institutional factors, including economic policies, regulatory frameworks, and governance structures, in influencing foreign investors' decisions. Notably, respondents acknowledge the significance of institutional factors in economic diplomacy, as reflected in a mean score of 4.53, with a consensus on theft importance. The second research objective focuses on the role of diplomats as crucial intermediaries in the economic diplomacy landscape. While respondents overwhelmingly perceive diplomats as influential in attracting FDI, the diverse responses regarding specific aspects of diplomats'roles highlight their multifaceted contributions. The third research objective highlights the vital role of infrastructural factors in FDI attraction. Respondents collectively emphasize the significance of infrastructure in economic diplomacy, \vth a mean score of 4.47, although the specific importance ofroad networks and reliable power supply elicits varying opinions. The correlation analysis demonstrates the interdependence of institutional factors, diplomats, infrastructural elements, and economic diplomacy for FDI, showcasing their intertwined nature. The regression model underscores the effectiveness in explaining FDI attraction, with anR Square of 0.883, implying thatroughly 88.3%ofthe variation n Economic diplomacy for FDIis accounted for by the predictors. The ANOVA results confirm the model's overall statistical significance, strengthening confidence in its predictive capabilities. The Coefficients table highlights the positive and statistically significant relationships between flistitutonal factors, Infrastructural factors, and roles of diplomats, emphasizing their pivotal roes in shaping economic diplomacy strategies for attracting FDI. In conclusion, this study's f'ncitrigs emphasize the multifaceted nature of economic diplomacy in attracting FDI, with ►nstqutions. diplomats, and infrastructure playing critical roles, The research offers valuable ms:ghts and recommends strengthening institutionalframeworks, empowering diplomats, and tric'lltIzing infrastructure developmentto enhance FDI attraction.