“…Economic growth potential (Meyer and Peng, 2016) Volatile Macroeconomic Environment Vassolo, 2010, Snoussi andEl-Aroui, 2012) Investment Bank Definition / Dichotomy (Tjandra et al, 2015, Gozgor, 2014, Groh and Wich, 2012, Erdem and Varli, 2014, Smimou and Karabegovic, 2010 Lower Levels of Economic Development (Marano et al, 2017) Economic-and Market Reforms (Liberalization) (Marano et al, 2017, Tatoglu et al, 2016, Bilgili et al, 2016, Lien and Filatotchev, 2015, Ye et al, 2014, Xia et al, 2014, Tuschke et al, 2014, Li et al, 2014b, Sahaym and Nam, 2013, Lamin and Livanis, 2013, Blitz et al, 2013, Iatridis, 2012, Tan and Meyer, 2011, De Clercq et al, 2010, Luo et al, 2009, Baack and Boggs, 2008, Lenartowicz and Johnson, 2007, Luo, 2003, Li and Ng, 2002, Aulakh et al, 2000, Hoskisson et al, 2000, Hsu et al, 2013 Increased Inward Foreign Direct Investment (Al-Najjar, 2013, Singh, 2012 Increased Outward Foreign Direct Investment (Sahaym and Nam, 2013, Singh, 2012 Towards Innovation-Based Economy (Urban and Hwindingwi, 2016) Factor or Efficiency driven Econom...…”