Abstract
The increased of foreign direct investment (FDI) worldwide, as a driving forces of globalization, is the main characteristics of a new world economy. Understanding of the contradictory nature of FDI as the main factor for integration and disintegration processes is crucial to define their place in the government policy to attract FDI and assess their importance for the economic development of the country. Therefor the objective of research in the paper is the relationship between foreign capital inflow and FDI-related polices in transition economies, due to the country’s economic development. We analyze the FDI determinants in the Republic of Macedonia according to OLI-Paradigm. The research in the paper is made with the SWOT analysis in context of the FDI policy of the country. The conclusion is that Republic of Macedonia has to ensure their specific location advantages in order to transform FDI in the economic development.
This is a preview of subscription content, log in via an institution to check access.
References
Dunning, (1988). The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions. Journal of International Business Studies, 19(1), 1–31.
Dunning, J. H. (2001). The eclectic (OLI) paradigm of international production: Past, present and future. International Journal of the Economics of Business, 8(2), 173–190.
Dunning, J. H. (2004). Institutional reform, FDI and European Transition Economies. [pdf]. Accessed June 25, 2016, from http://www.readingconnect.net/web/FILES/business/empd014-04.pdf
EBRD. (2015). Transition report. Accessed June 25, 2016, from http://www.ebrd.com/publications/transition-report-2015-16.pdf
Ministry of Finance. (2015). Accessed June 20, 2016, from http://www.finance.gov.mk
OECD. (2010). Investment reform index. Accessed 20 June 2016, from http://www.oecd.org/globalrelations/
Sklair, L. (2002). Globalization, capitalism & its alternatives. Oxford: Oxford University Press.
State Statistic Office. (2015). Accessed June 20, 2016, from http://www.stat.gov.mk
Trading Economics. (2015). Countries credit rating. Accessed June 20, 2016, from http://www.tradingeconomics.com/macedonia/rating
Transparency International. (2015). Corruption perception index. Accessed 20 June 2016, from http://www.transparency.org/cpi
UNCTAD. (2012). Investment policy review of the former Yugoslav Republic of Macedonia. Accessed June 25, 2016, from http://www.unctad.org/en/PublicationsLibrary/diaepcb2011d3_en.pdf
Uzunov, N., & Kostovska, L. J. (2000). Contemporary economic systems. Skopje: Ss. Cyril and Methodius University.
WIIW. (2015). Country profile. Accessed June 20, 2016, from http://www.wiiw.ac.at/Macedonia-overview
World Bank. (2014). The worldwide governance index. Accessed June 20, 2016, from http://www.data.worldbank.org/country/indicator
World Bank. (2015). Measuring business. Accessed June 20, 2016, from http://www.doingbusiness.org/rankings
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer International Publishing AG
About this paper
Cite this paper
Kostovska, L., Tast, J. (2018). The Role of FDI in the Economic Development of Transition Countries: The Case of Republic of Macedonia. In: Bilgin, M., Danis, H., Demir, E., Can, U. (eds) Eurasian Economic Perspectives. Eurasian Studies in Business and Economics, vol 8/2. Springer, Cham. https://doi.org/10.1007/978-3-319-67916-7_30
Download citation
DOI: https://doi.org/10.1007/978-3-319-67916-7_30
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-67915-0
Online ISBN: 978-3-319-67916-7
eBook Packages: Economics and FinanceEconomics and Finance (R0)