Impact of FDI on the Economic Development of Serbia and Poland
Abstract
Investments are crucial for economic growth. In the contemporary environment of intensive international financial connections and with the expansion of transnational companies a substantial part of investments are made by foreign companies. Beneficial factors for foreign direct investments are natural resources, geographical position, specifics of the labour force, the technology level and other specifics for certain country conditions. The intensive globalisation process in recent decades contributed to an easier movement of capital by cutting restrictions. The main purpose of this paper is to investigate the nature of FDIs in Serbia and Poland and their role in economic growth, as well as the effects they create in local economies. This paper will show a comparative analysis between Serbia and Poland regarding the impact of FDIs on the economic development of both countries.
References
DUNNING J. H. (1993), Multinational Enterprises and the Global Economy (Harlow: Addison-Wesley).
Economy Rankings, http://www.doingbusiness.org/rankings.
EKHOLM K. et al. (2003), Export-platform foreign direct investment, Working Paper 9517, NBER.
Financial Observer, http://www.financialobserver.eu/poland/labor-supply-in-polandwill-
continue-to-decrease-for-years/.
Foreign direct investment in Europe at an all-time high, despite uncertainties posing risks, http://www.ey.com/gl/en/newsroom/news-releases/news-ey-foreign-directinvestment-in-europe-at-an-all-time-high-despite-uncertainties-posing-risks.
Foreign Direct Investment, http://www.un.org/esa/sustdev/natlinfo/indicators/methodology_sheets/global_econ_partnership/fdi.pdf.
HUMMELS D. (2007), Transportation costs and international trade in the second era of globalization, The Journal of Economic Perspectives, 21(24).
InfoStud indication of knowledge of languages, based on 100K+.. OECD, Stat Extracts – 2016.
RAS, Development Agency of Serbia, http://ras.gov.rs/uploads/2016/06/why-invest--may-16-1.pdf
Statistical Office of the Republic of Serbia, 2015.
STOYKOV I., International investment policy, SA D. A. Cenov, Svishtov 2005.
The Vienna Institute for International Economic Studies, 2015.
Why do firms invest abroad? An analysis of the motives underlying Foreign Direct Investments, August 2008 The ICFAI University Journal of International Business Law, 9, (1–2), pp. 42–65.
World Investment Report 1998, Trends and Determinants, http://unctad.org/en/Docs/wir1998_en.pdf.a
Articles in Progress in Economic Sciences in printed and online versions are published on the basis of Open Access principles under CC - Creative Commons Attribution. Authors are free to use texts published in the journal.
