engleski

Multilateral governance of foreign direct investments in the digital economy

Liberalization process has resulted in significant changes in global flows, namely movement of capital, labour, goods and services. As technological development progressed, trade and investment became more complex and interconnected. What is more, today we can discuss about wider trade-investment-services- intellectual property linkage in the digital economy. Development of digital technologies has changed the way people, society and the overall economy perform and has contributed to the creation of a new form of digital economy. Digitalization can increase productivity, it can be the source of new business opportunities and enable easier market access. Given the new global developments, rapid diffusion of digital technologies and the rise of digital economy, there is an urging need to better understand and regulate global flows of trade, investments, services and data. Digital economy makes policy choices even more complex on every level. A revised multilateral regulatory framework is necessary due to the fact that national borders are less important when taking into account digital flows and more participants in the global market. The aim of the paper is to analyse and discuss the relevance of foreign direct investments in the new global environment steered by the emergence of digital economy. The paper also discusses how digitalization is changing global environment and emphasizes the need to adjust and reform current regulatory framework for international investments.

FDI, digital economy, policy framework

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