Download or read book Foreign Direct Investment in New Member State of the EU and Western Balkans Taking Stock and Assessing Prospects written by La-Bhus Fah Jirasavetakul and published by International Monetary Fund. This book was released on 2018-08-21 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.

Download or read book Foreign Direct Investment in New Member States of the EU and Western Balkans written by La-Bhus Fah Jirasavetakul and published by . This book was released on 2018 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.

Download or read book The Balkans Foreign Direct Investment and EU Accession written by Aristidis Bitzenis and published by Routledge. This book was released on 2016-03-23 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fall of communism and subsequent developments have put a renewed spotlight on the potential of the Balkan economies. Bulgaria, Albania, Serbia & Montenegro, Romania and the Former Yugoslav Republic of Macedonia are countries which have attracted low levels of investment and poor political leadership in most of the countries has delayed much needed reforms. However, there are now signs of improvement and this timely book fills a significant gap in the available literature. Demonstrating that these countries must engage as fully as possible with the world economy via EU accession, this book explores the implications of the specific characteristics of these countries which have made the transition process more difficult. This exciting new volume is valuable reading for students, academics and business professionals interested in international development in the Balkans.

Download or read book Late to the game Capital flows to the Western Balkans written by Zsoka Koczan and published by International Monetary Fund. This book was released on 2017-04-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The boom and bust in capital flows to the New Member States of the European Union have received a considerable amount of attention; foreign direct investment and bank flows to the region and countries’ participation in regional supply chains have been well-documented. Relatively little has, however, been written about capital flows to the Western Balkans economies, which are often perceived to be ‘late arrivals’ to large capital flows. This paper aims to examine how capital flows to the Western Balkans compare with flows to the New Member States, in terms of levels as well as dynamics. We find that while financial integration took off somewhat later in the Western Balkans than in the New Member States, it has increased rapidly, despite still much lower capital account openness. Capital inflows as a share of GDP are comparable to those observed in the New Member States, (perhaps surprisingly) diverse in terms of source countries and broadly similar in composition, though with equity shares higher than they were in the New Member States at comparable levels of GDP per capita.

Download or read book Foreign Direct Investment in the Successor States of Yugoslavia written by Joel I. Deichmann and published by Springer Nature. This book was released on 2020-11-16 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: T​his edited volume offers a descriptive analysis of foreign direct investment (FDI) flows and cumulative stock, industrial composition, and important spatial trends for each successor state of former Yugoslavia: Bosnia & Herzegovina, Croatia, Kosovo, Montenegro, North Macedonia, Serbia, and Slovenia. The chapters are written by academic experts on the topic from each of these countries and are organised systematically in order to facilitate comparison between the states. The aim of this book is to advance scholarly knowledge about FDI in Southeastern Europe 25 years after the dissolution of Yugoslavia. Each chapter includes a summary of scholarly contributions published on the topic in English-language and local language journals, a discussion of origins, composition by industry, and location choice within the country from 1995-2018, using Dunning's (1980) eclectic paradigm as a discussion framework. The chapters conclude with prospects for FDI over the next twenty-five years with emphasis on economic growth projections, EU integration, and other relevant country-specific considerations the local authors deem relevant. Special attention is given to specific companies operating in Yugoslavia prior to its breakup and how these firms have been impacted by dissolution, recession, efforts toward European Union membership. The authors also examine the past and potential impact of FDI from unforeseen events such as the Global Financial Crisis and COVID-19. This book appeals to scholars of geography, international business, economics, and economic history of the former Yugoslavia as well as professionals working in the region and on related topics elsewhere.

Download or read book Late to He Game written by Zsóka Kóczán and published by . This book was released on 2017 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: The boom and bust in capital flows to the New Member States of the European Union have received a considerable amount of attention; foreign direct investment and bank flows to the region and countries’ participation in regional supply chains have been welldocumented. Relatively little has, however, been written about capital flows to the Western Balkans economies, which are often perceived to be ‘late arrivals’ to large capital flows. This paper aims to examine how capital flows to the Western Balkans compare with flows to the New Member States, in terms of levels as well as dynamics. We find that while financial integration took off somewhat later in the Western Balkans than in the New Member States, it has increased rapidly, despite still much lower capital account openness. Capital inflows as a share of GDP are comparable to those observed in the New Member States, (perhaps surprisingly) diverse in terms of source countries and broadly similar in composition, though with equity shares higher than they were in the New Member States at comparable levels of GDP per capita.

Download or read book Western Balkan Integration and the EU written by Sanjay Kathuria and published by World Bank Publications. This book was released on 2008-01-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title explores ways for the Western Balkan countries to improve growth prospects through deepening of regional integration and improving selected elements of their investment climate. It analyzes areas relating to trade in goods and services, regional integration, and selected aspects of the investment climate. It suggests that countries in the region could reap sustained growth payoffs by focusing on deepening regional integration, improving human capital, reducing telecommunication costs and pre-empting energy shortages.

Download or read book Transition European Integration and Foreign Direct Investment in Central and East European Countries written by Yōji Koyama and published by . This book was released on 2008 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Determinants of FDI in Central and Eastern Europe written by Hanna Makhavikova and published by Springer. This book was released on 2018-08-17 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a detailed examination of foreign direct investment (FDI) inflows in Central and Eastern Europe (CEE) after closer integration in the European Union. An important facet of European economic integration was the development of a free-trade area in Central and Eastern Europe, which improved market accessibility. However, to date these relations have been little explored theoretically. The book examines foreign investments in different transition countries from both a theoretical and an empirical perspective. It analyzes changes in the choice of location by foreign investors in nineteen CEE countries between 1992 and 2015, and shows that it is linked to the removal of intra-regional trade barriers. The findings suggest that regional integration increases the incentives for multinationals to invest in the participating countries, especially in those with larger markets and lower production costs.

Download or read book Inward FDI in the Western Balkans in the Wake of Croatia s EU Accession written by Kalman Kalotay and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Western Balkans is a politically fragmented subregion, possessing moderate levels natural resources, and lagging behind the rest of Europe in terms of income. Integration into the European Union offers the only feasible perspective to overcome deep-rooted divisions, and to speed up progress on the road to prosperity. It can also act as a catalyst for more foreign direct investment inflows. However no large increase can be expected given the modest business opportunities of the subregion, and the fact that business entities have a gradualist approach to changes: certain measures are already factored into their locational decisions, while other will be acknowledged only on the longer term. Moreover, the Western Balkans needs to develop a strategy of attracting niche projects as it can not expect to divert investment on a large scale from countries in transition that are already members of the Union.

Download or read book Stabilizing and Integrating the Balkans written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2001-04-10 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The complex challenge of economic recovery and reconstruction in the Balkans is looked at in this book. The Balkan Stability Pact stands for a networked approach of international organizations to deal with these problems. This analysis critically looks into strategies, actors, and preliminary results. There are shortcomings and inconsistencies and there is some potential for transatlantic conflicts over the issue of burden sharing. There is also a risk of EU imperial overstretch facing eastern and south-eastern EU enlargement.

Download or read book Key Success Factors for Foreign Direct Investment FDI written by Dusko Lukac and published by diplom.de. This book was released on 2008-03-04 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: International expansion present new opportunities for companies to generate extra value added and have become a vital aspect of corporate strategy development and implementation. Nowadays most European Foreign Direct Investments (FDI) within European continent outflows towards Eastern Europe in the countries like Hungary or Czech Republic. Each nation-state will have some competitive advantages. Why should non-for-profit company like RFH choose to enter just Bosnian market, the country which was destroyed by the war a few years ago and where progress is still needed in many areas and not some of markets mentioned above? Which special strategic and legal issues non-for-profit organisation must consider in such case? Why choices of investment locations, mode of entry and initial pricing strategy have critical impact on value added to the firm's competitive advantage? This report will give answers on these and further arising questions. It concerns Information technological (IT)-Centre of one German non-for-profit organisation (RFH), and its attempts to benefit of global capital while diminishing the negative effects of economic swings in the home country. On studying and analysis of the literature relevant and reliable sources of information, to invest in Bosnia and Herzegovina in the vocational training and educational sector is nowadays moreover absolutely a recommendable commercial decision. All economic indicators argue for it. The analysis determinate four main reasons for it: Improvement of vocational Training and Adult Training sector is one of the emergent sector priorities settled in governmental Poverty Reduction Strategy Paper and European Commission Feasibility Study as a precondition for cooperation between EU and Bosnia. Local competition in the area of Vocational and Adult Training is extremely weak (currently there are existing only 2 private companies similarly to RFH). Bosnian market offers enough potential customers which may use Vocational and Adult Training offers. These customers are local industry as well as students, scholars and unemployed people (Rate of unemployment in Bosnia amounts to 43%). A row of investment incentives and financial incentives are offered by European Union (EU), Bosnian government and Germany they reduce risks of FDI in Bosnia.

Download or read book Lifting Growth in the Western Balkans written by Mr.Nadeem Ilahi and published by International Monetary Fund. This book was released on 2019-11-12 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past 25 years, exports have contributed strongly to growth and economic convergence in many small open economies. However, the Western Balkan (WB) region, consisting of small emerging market economies, has not fully availed itself of this driver of growth and convergence. A lack of openness, reliance on low value products, and weak competitiveness largely explain the insignificant role of trade and exports in the region’s economic performance. This paper focuses on how the countries in the WB could lift exports through stronger integration with global value chains (GVCs) and broadening of services exports. The experience of countries that joined the European Union in or after 2004 shows that participation in GVCs can help small economies accelerate export and income growth. WB countries are not well integrated into Europe’s vibrant GVCs. Trade within the region is also limited—it tends to be bilateral and not cluster-like. Our analysis shows that by improving infrastructure and labor skills and adopting trade policies that ensure investor protection and harmonize regulations and legal provisions, the region can greatly enhance its engagement with GVCs. Services exports are an increasingly important part of global trade, and they offer an untapped source of growth. The magnitude of services exports from the WB region compares favorably with that of peers in Europe, particularly in travel services where several of these countries have a revealed comparative advantage. But there is significant room for growth in tourism exports and an untapped potential in business and information technology services exports that these countries can materialize through policy efforts that increase openness and enhance connectivity and labor skills. Serbia offers a good example of how decisive efforts, including education policies to ensure a sustained supply of skilled labor, can help information technology services exports to take off.

Download or read book The Balkans Old New Instabilities written by Giorgio Fruscione and published by Ledizioni. This book was released on 2020-06-15 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: 2020 could be a crucial year for the Western Balkans.For over twenty years, the region has been stuck in a never-ending transition. Politics, economics, and geopolitics are still falling prey to old and new sources of instability. With the path towards EU integration still uncertain, many governments in the region are marked by autocratic tendencies, and international actors strive for a bigger say in the region. NATO is expanding to the Balkans, but regional security still depends on foreign soft power and influence. And while recipes for economic transition focus mainly on foreign direct investments that often lack transparency, Balkan societies are losing their citizens to substantial emigration.What are the factors contributing to Western Balkans instability in the age of Covid-19? Will the region continue to be ground for renewed geopolitical competition? How can the Balkans leave the transition phase and find a sustainable, balanced path onwards?

Download or read book Foreign Direct Investment in Central and Eastern Europe written by Svetla Trifonova Marinova and published by Routledge. This book was released on 2018-01-12 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. Covering a diverse range of countries such as Bulgaria, the Czech Republic, Hungary, Poland, Slovakia, Slovenia and Russia, as well as referring to the characteristics of the region as a whole, this book examines the inflow and outflow of foreign direct investment from both home and host company and country perspectives. By analyzing foreign direct investment in terms of process, content and context, the book provides a holist approach towards direct foreign investment in the transitional context of Central and Eastern Europe, embracing both macro- and micro-economic perspectives of the process.

Download or read book Foreign Direct Investment in New Member State of the EU and Western Balkans Taking Stock and Assessing Prospects written by La-Bhus Fah Jirasavetakul and published by International Monetary Fund. This book was released on 2018-08-21 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.

Download or read book Foreign Direct Investment Into Transition Economies written by Saul Estrin and published by . This book was released on 2013 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper explores the determination of foreign direct investment (FDI) into the Balkan transition economies - Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Montenegro, Romania and Serbia. Detailed FDI inflows to Southeast Europe (SEE) are analyzed to determine the main differences in the volume, timing and sectoral structure of FDI within the region and in comparison to the Central East European countries. A gravity model to all transition economies during 1990-2011 is then estimated to assess whether the factors driving FDI to the Western Balkans are different. They are found to be so; even when size of their economy, distance, institutional quality and prospects of EU membership are taken into account, Western Balkans countries receive less FDI. These issues are of high policy relevance for the Balkan economies and ought to contribute to the current debate on the "new growth model"