FDI, the Crisis and Competitiveness of Transition Economies

We evaluate the impact of the crisis on foreign direct investment (FDI) and differences between selected transition and Western economies regarding their policies and attitudes towards FDI. Transition economies have been affected by the crisis more than Western countries, but remain more optimistic...

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Bibliographic Details
Published inJournal of Balkan and Near Eastern studies Vol. 15; no. 3; pp. 260 - 279
Main Authors Svetlicic, Marjan, Kuncic, Aljaz
Format Journal Article
LanguageEnglish
Published Taylor & Francis Group 01.09.2013
Subjects
Attitudes
Competition
Competitiveness
Cross-national analysis
Economic crisis
Foreign direct investment
Foreign Investment
Foreign investments
Investment
Investments
Transition economies
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Summary:We evaluate the impact of the crisis on foreign direct investment (FDI) and differences between selected transition and Western economies regarding their policies and attitudes towards FDI. Transition economies have been affected by the crisis more than Western countries, but remain more optimistic about the current and future role of FDI's influence on competitiveness, and also see FDI as a relatively more important instrument for enhancing competitiveness than their Western counterparts. In addition, the investment promotion agencies seemingly have a completely different set of excelling factors in transition economies in comparison to their Western counterparts. Transition and Western countries differ in terms of their need, environments and attitudes when it comes to FDI. Thus, one of the crisis-related implications is the need to tailor the FDI policy and promotion approach to each group's specific needs.
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ISSN:1944-8953
1944-8961
DOI:10.1080/19448953.2013.789315