E-Knjižnica FET "Dr. Mijo Mirković"

Forign direct investment as a determination of economic development in Bosnia and Herzegovina

Stipanović, Sanella and Skoko, Branimir (2007) Forign direct investment as a determination of economic development in Bosnia and Herzegovina. In: 4th International Conference "Global Challenges for Competitiveness: Business and Government Perspective", 27-29. 9. 2007., Pula, Croatia.

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Investments, considered as lifeblood of economic system, are of significant importance in tracing economic development. In lack of domestic capital, FDI became a "miracle drug" to economic growth and industrial development, especially in insufficiently developed countries and countries in development, such as Bosnia and Herzegovina. Foreign Direct Investment (FDI) represents international movement of long-term capital. In this paper we will analyze only foreign direct investment and not portfolio investment. FDI brings many positive effects. Some of the most important are: economic growth, transfer of new technology, new knowledge. Shaping the clear policy towards FDI and making the institutional frame, in the situation of domestic capital deficiency, B&H government can influence the volume and shape of FDI, and thus the growth and development of national economy. Privatization, made in the last decade, has been oriented only towards the sale of domestic companies to foreign investors, and at the same time, actual effects of FDI have been neglected. Thereby, FDI inflow in B&H will be analyzed by three different criteria: Sectors of recipients, Investors countries, Time dynamics. The main attention of this paper is on the macroeconomic effects resulting from the impact of FDI on changes in GDP per capita, rate of GDP growth, employment, export, import and inflation rate. Finally, we will show did FDI make positive effects on the economic development and to what extent.

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Tip objekta: Materijal konferencije ili radionice (Paper)
Dodatne informacije: 4/2007
Ključni pojmovi: FDI, economic growth and development, privatization process, macroeconomic indicators, ekonomski rast i razvoj, proces privatizacije, makroekonomski indikatori.
Teme: 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 330 Ekonomija općenito > 330.3 Dinamika gospodarstva. Kretanje gospodarstva > 330.34 Gospodarski razvitak
Odjeli: Odjel za ekonomiju i turizam "Dr. Mijo Mirković"
Datum pohrane: 17 Oct 2012 11:37
Zadnja promjena: 08 Jan 2013 10:11
URI: http://eknjiznica.unipu.hr/id/eprint/1592

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