The importance of foreign direct investment in function of sustainable development
In terms of globalization, foreign direct investment is a major factor in competitiveness, in addition to developing and import new technology, entrepreneurship, education and innovation. The international movement of capital is the result of the globalization and affects the diversification of busi...
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| Format: | Article |
| Language: | English |
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University of Novi Sad - Faculty of Economics, Subotica
2015-01-01
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| Series: | Anali Ekonomskog fakulteta u Subotici |
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| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2015/0350-21201533217K.pdf |
| Summary: | In terms of globalization, foreign direct investment is a major factor in competitiveness, in addition to developing and import new technology, entrepreneurship, education and innovation. The international movement of capital is the result of the globalization and affects the diversification of business activities, as well as gaining competitive advantage. Foreign investments are an important form of financing global economy and one of the crucial factors for the development of the national economy, and the interest of all countries in attracting investment capital from abroad to the extent possible. The current world financial and economic crisis indicates a decrease in the volume and dynamics of flows of foreign direct investment, especially in developing countries. Therefore, a given countries, including Serbia, watching foreign capital as an important source of economic growth, modernization of the economic structure, growth in output and employment, as well as strengthening export potential. The aim is to highlight the relevance of foreign direct investment in Serbia, as well as their impact on economic growth and sustainable development of the economy. The paper presents the effects of foreign capital inflows on key macroeconomic indicators in Serbia through graphical and tabular displays. Finally, a comparative analysis of investment flows into neighboring countries, in order to assess the level of investment in the region and defining the position of the Serbian economy in the inflow of foreign capital. |
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| ISSN: | 0350-2120 2683-4162 |