THE LEGAL FRAMEWORK OF MULTINATIONAL CORPORATIONS “THEIR LEGAL NATURE AND CHALLENGES IN LIBYAN LEGISLATION”

A DESCRIPTIVE ANALYTICAL STUDY

Abstract

This research provides an in-depth analysis of the nature of multinational corporations and their legal and economic developments, with a focus on their prominent role in local and international contexts. The research addresses theories related to investment and protection, and shows that these companies seek to achieve a balance between growth strategies and preserving their rights. It also highlights the importance of the legal framework in regulating the work of companies in line with global challenges and economic developments. The research shows that encouraging foreign investment and ensuring an appropriate legal environment are two essential factors for achieving sustainable economic development. National and international laws governing multinational corporations play an important role in how they are managed and invested, which helps achieve their economic and social goals. The research relied on the descriptive and analytical approach, and the researcher concluded that multinational corporations play a pivotal role in global economic growth by promoting investments, transferring technology, and providing job opportunities. The legal regulation of these companies is of great importance at the national and international levels in managing their business. This requires achieving a balance between attracting foreign investment and protecting national rights, which calls for enhancing international cooperation to develop unified legal standards that contribute to effectively regulating the work of companies. Policies for protecting intellectual property rights should also be enhanced and tax facilities should be provided to attract investments. This research reflects the need for comprehensive strategies to regulate multinational corporations that are compatible with the requirements of the era and global challenges, which enhance economic development and achieve stability and sustainable growth at the national and international levels.