engleski

Regional vs. national approach in shaping an optimal FDI-policy - case of Croatia

The aim is to analyze institutional conditions for investment in Croatia with special reference to government support schemes and their effectiveness in case of existing inter-regional disparities. Through evaluating differences in the investment climate and the regional inflow of FDI, national FDI-policy is evaluated with reference to its compatibility with regional development goals. FDI-policy so far has not been effective in attracting FDI and achieving development goals. However, significant improvements in legislation show that actual FDI-policy is more development oriented and creates conditions for attracting foreign capital in underdeveloped regions and target sectors. Success of some regions in attracting FDI proves that central government measures should be complemented by a strong pro-investment attitude of local government in order to achieve full potential of FDI-policy.

FDI, institutional reform, economic policy, regional development, EU

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