Why hasn’t Macedonia succeeded for a long time in absorbing Foreign Direct Investment
Recently almost all countries of the world without exception developed countries or the developing countries are attracting foreign direct investments. The reason is that there is no dilemma that benefits of foreign direct investments in the host countries as well as domestic countries are greater than the damage that can have.
Western Balkan countries also follow this trend for attracting foreign direct investment. Some of them have achieved notable successes, while the others have achieved less success. Macedonia is a country that during the last two decades ranks among the countries with smaller foreign direct investments.
In the paper which I have chosen to analyze, in the start I gave a general overview of the meaning, role and importance of foreign direct investments for economic development of a country. Later I have analyzed the trend of foreign direct investments in the region, and especially in Macedonia. At the end sought and given reasons of locking foreign direct investment in Macedonia and recommendations to overcome such a situation.
Hill, Ch. W., (2007) “International Business-Competing in the Global Marketplace” Sixth Edition, McGrew-Hill Irwin, New York.
Limani K., and Hani, J., (2012), “The effects of exchange rate on balance trade and on monetary aggregates of Macedonia and the impact of the current world crisis in its economy”, Iliria International Review, nr. 2012/2, Prishtina.
Gosevska L., Popovski V., and Markoski G., (2013), “The role and influence of entrepreneurship on the growth and expanding of small and medium enterprises in the Republic of Macedonia”, Iliria International Review, nr. 2013/1, Prishtina.
National Bank of Macedonia (2014), Annual Report 2014, Skopje, http://data.wiiw.ac.at/fdi-database.html, (accessed: 5.11.2014)
Macedonian State of Statistics, (2014), http://www.stat.gov.mk/Publikacii/OdrzlivRazvoj2012.pdf (accessed: 5.11.2014)
Macedonian State Statistics (2014),” Statistical Review No. 3.4.9.01” Skopje.
The Vienna Institute for International Economic Studies – WIIW (2014), FDI Databases: http://data.wiiw.ac.at/fdi-database.html, (accessed: 5. 11.2014)
UNCTAD (2014), “World Investment Report 2014: Global Value Chains – Investment and Trade for Development,”.
UNCTAD (2013), “World Investment Report 2014: Global Value Chains – FDI flows by region and economy 2007-2014”.
Wafo, K., (1998) "Political Risk and Foreign Direct Investment ", University of Konstanz, Konstanz.
World Bank, (2012), “Data World Bank- World Development Indicators 2014”, Washington: World Bank Publishing
World Bank, (2014), World Investment Report 2014, Washington: World Bank Publishing
Metrics powered by PLOS ALM
- There are currently no refbacks.
Copyright (c) 2016 Nasit SELIMI
This work is licensed under a Creative Commons Attribution 4.0 International License.