Naslov
Spill Over Effects of FDIs: Influence of the Macroeconomic Structure and Changing the National Business Culture

Autori
Jovančević, Radmila, Šević, Željko

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Stabilizacija-participacija- razvoj / Družić, Ivo - Zagreb : Ekonomski fakultet Sveučilišta u Zagrebu, 2002, 253-269

ISBN
953-6025-06-X

Skup
Stabilizacija-participacija-razvoj

Mjesto i datum
Zagreb, Hrvatska, 19.09.2002

Vrsta sudjelovanja
Pozvano predavanje

Vrsta recenzije
Domaća recenzija

Ključne riječi
Portfolio investment; FDI; political risk; Institutional Stability

Sažetak
Portfolio investment(s) together with FDIs, are in a modern World the most important forms of capital flows. Amounting for over 50 per cent of all capital inflows and outflows they cannot be neglected in the process of formulation of national economic policies. Both developed and developing/transitional countries are recipients of significant FDIs. Political and historical motives that may have played an important role in the 1960s and 1970s (second phase of post-colonial relationships between former colonies and the Metropolis), do not play a noticeable role today (with a few exceptions, such as the US investments in the countries that were ‘liberated’ by the US military actions, such as Kuwait and so on). A new foreign investor (as opposed to a classical investor of the 1960s and 1970s) is not on the look-out for preferential treatment, but for a FDI destination that will provide him/her with a longer-term stability and an environment which is inducive to FDIs. Addressing social pathological phenomena such as, for instance, corruption is an action by the government that creates an especially positive response from the investment business community. Not only writing good laws, but also implementing them is something that a good government has to provide in a country. With less limitations for FDIs the more likely it is that the business community will respond favourably to the calls for investing. But, an underlying factor that is so often forgotten is the existence of an effective and efficient system of property Rights. Without functional property rights regime there is very little that one can do to attract FDIs. If the property rights regime is accompanied by an increased transparency and a rules-based overall system, then it is certain that a country in this case will be a welcome FDI destination. And, in a highly competitive world, no-one can afford to be black-listed and lose even a single potential foreign investor. Too much is at stake in a fast changing business world, even for the country which is the market leader in, almost, all fields of economic, political and social life.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA