scholarly journals Стране директне инвестиције као фактор раста и развоја привреде // The foreign direct investments as a factor of economic growth and development

2014 ◽  
Vol 12 (20) ◽  
pp. 283
Author(s):  
Индира Курбеговић
Keyword(s):  
Growth And Development ◽  
Foreign Capital ◽  
The Other ◽  
Foreign Direct Investments ◽  
Negative Effects ◽  
Economic Growth And Development ◽  
Market Participants ◽  
Slow Development ◽  
The Republic ◽  
Take All

Резиме: Проблем ниског раста и спорног развоја привреде с којим се суочава Република Српска и Босна и Херцеговина се огледа у недостатку капитала. Томе је допринијела и глобална економска криза, попраћена проблемима још из ранијих периода, ратним сукобима, застарјелом технологијом и сл. У ранијим периодима значајан прилив средстава у Републику Српску и Босну и Херцеговину био је у виду донација, те у виду задуживања код међународних финансијских организација што је достигло одређену границу. Чињеница да свим учесницима на тржишту недостаје капитал (држави, предузећима, становништву) без кога се не могу ријешити кључни развојни проблеми привреде, води нас ка страним директним инвестицијама као могућности прибављања и обезбјеђивања потребног капитала. Циљ је приказати значај страних директних инвестиција нa земљу домаћина, и њихов утицај кроз позитивне и негативне ефекте. Како је страни капитал, посматран у виду СДИ “заслужан” за привредни развој и просперитет великог броја земаља, тако ми требамо порадити на привлачењу истог, искористити искуства других земаља и у извјесним случајевима предузети мјере како би се заштитили од могућих негативних посљедица страних власника капитала.Summary: The problem of the low growth and slow development that the economy of the Republic of Srpska and Bosnia and Herzegovina are confronted is reflected in the lack of capital, which is also contributed by global economic crisis accompanied by the problems from earlier period, wars, outdated technology etc. Earlier, the significant inflow of RS’s funds was in donations and borrowing from international financial organizations which reached a certain limit. The fact that all market participants lack the capital (government, enterprises, population), which is essential for addressing key development problems of the economy, leads us to the foreign direct investments as a possibility of obtaining and providing the necessary capital. The objective is to show the importance of the foreign direct investments for the host country and their impact on the same through their positive and negative effects. Since the foreign capital (FDI) is ‘responsible’ for the economic development and prosperity of many countries, we need to work on attracting the same, use the experiences of the other countries and in certain cases take all necessery steps to protect ourselves from possible adverse consequences which might come out of foreign owners capital activities.

scholarly journals FOREIGN INVESTMENTS AS DEVELOPMENT FACTOR FOR OVERCOMING ECONOMIC STAGNATION IN THE REPUBLIC OF MACEDONIA

2013 ◽  
Vol 6 (2) ◽  
Author(s):  
Nada Petrusheva ◽  
Aleksandar Nikolovski
Keyword(s):  
Economic Growth ◽  
Foreign Capital ◽  
Added Value ◽  
Living Standard ◽  
Foreign Direct Investments ◽  
Western Balkans ◽  
Republic Of Macedonia ◽  
Economic Stagnation ◽  
The Republic

Amongst economists there is a broad consensus that in order to overcome economic stagnation the economic growth model should be more directed towards increasing investments and export and less reliant on consumption. The stable commitment towards improving the business ambient, the implementation of structural reforms in the field of competitiveness, the export sector as well as investments in infrastructure and education are the fundamental prerequisites to be realized for the opening of perspectives in the overall social development of the countries in the Western Balkans, including the Republic of Macedonia. The dominant driving force of economic growth – investments (foreign and domestic) have not been sufficiently implemented so that structural economic problems such as the low GDP growth rate, unsatisfactory export, unfavourable industrial structure have been present during the entire periodsince the independence of the Republic of Macedonia. Unlike other countries in Middle and Eastern Europe such as Poland, the Czech Republic and Slovakia in which foreign capital was steered towards manufacturing higher added value products, in the Republic of Macedonia investment entered mainly the trade and the banking industry, and quite less in manufacturing.Lacking own significant capacities for considerable increase of the gross-investment rate, assets sources for investments must be found in foreign accumulation, particularly via foreign direct investments so as not to increase the degree indebting the country. The global economic and financial crisis which spread over Europe in the last years has motivated the countries in the Western Balkans, including the Republic of Macedonia, to engage into a more active and more aggressive attraction of foreign capital. Foreign direct investments are considered the highest economic priority for long-term development, whereas the benefits to the national economy are multiple and influence the reduction of unemployment, increase of export, inflow of new technology, knowledge and skills, as well as improvement of the population’s living standard. However, despite the commitment, reforms and activities undertaken to attract FDI, the countries of the Western Balkans are facing remarks from investors for having an insufficiently reformed judicial system, bureaucratic issues, inefficient public administration and corruption. Therefore, it is essential to work continually on improving the macroeconomic environment and implement a long-term strategy to attract FDI through active policies.

ECONOMIC DIPLOMACY AND NATIONAL DEVELOPMENT GHANA UNDER KUFUOR (2001-2008): ‘MAMMON’ AND GOOD NEIGHBOURLINESS.

2019 ◽  
Vol 10 (2) ◽  
pp. 201-221
Author(s):  
Steve Asirifi Yeboah
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
National Development ◽  
Final Analysis ◽  
The Other ◽  
Economic Relation ◽  
Economic Growth And Development ◽  
Rate Of Development ◽  
Economic Diplomacy ◽  
Macroeconomic Indicators

This study seeks to assess the extent to which President Kufuor’s adoption of economic diplomacy impacted the economic growth and development of Ghana from 2001-2008. The economic development of Ghana after inde-pendence vary from one administration to the other with military takeovers influencing and changing the course and rate of development. President Kufuor’s administration however presents a remarkable record of immense economic growth. Kufuor’s era was thus, termed as the “Golden Age of Business” following the gravity of private businesses springing up and an environment created for such initiatives to thrive on. In the final analysis, the study came to the realization that Kufuor’s administration reemphasizes the deepening economic relation Ghana developed with other partners through the implementation of economic diplomacy. The study underlined some initiatives that was embarked on and further provided some macroeconomic indicators representing the level of development during his era. The result revealed the roles of diplomats as primary avenues for the promotion of economic diplomacy and how their activities impact the economic growth of a country.

scholarly journals Role of tourist motivation as mediating variable on visitor decisions at Indonesian tourism village

2021 ◽  
Vol 17 (3) ◽  
pp. 88-98
Author(s):  
Martaleni Martaleni ◽  
Ernani Hadiyati ◽  
Yussi Isna Pertiwi ◽  
Ni Nyoman Kerti Yasa
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Growth And Development ◽  
The Other ◽  
Tourist Attractions ◽  
Economic Growth And Development ◽  
Tourism Sector ◽  
Global Force ◽  
Tourist Village

The tourism sector has become a truly global force for promoting economic growth and development. Therefore, the study of tourism has become an interesting topic for researchers lately. On the other hand, local tourism, generally in developing countries, is often neglected by academics and policymakers. For this reason, this study aims to examine and analyze the role of tourist motivation in mediating accessibility, amenities, and attractions on visiting decisions. This study is a survey research with an explanatory method. The population is tourists who visit the tourism village of Bumiaji, Indonesia, in the low and busy seasons. The population is infinite and the number of respondents who were interviewed is 100 respondents; data were collected by distributing questionnaires to domestic tourists who came from outside the tourist village of Bumiaji, then the data were processed and analyzed using Warp Partial Least Squares. The findings indicate that the effect of accessibility on visiting decisions is not mediated by tourist motivation. This shows that the decision of tourists to visit can be directly influenced by the time and means of transportation available. Meanwhile, the influence of amenities and attractions on the decision to visit is mediated by the motivation of tourists. This means that amenities and attractions can influence a tourist’s decision to visit if there is an urge from tourist to relax or make friends or enjoy the culture at tourist attractions, etc.

scholarly journals Skills mismatch in the labor market: The future of work from the viewpoint of enterprises in case of Kosovo

2021 ◽  
Vol 10 (3) ◽  
pp. 104-116
Author(s):  
Besime Ziberi ◽  
Donat Rexha ◽  
Kosovare Ukshini
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Growth And Development ◽  
Selection Process ◽  
Primary Data ◽  
University Graduates ◽  
Economic Growth And Development ◽  
Skills Mismatch ◽  
The Republic ◽  
The Right

The transition path from education to employment is a key determinant of sustainable economic growth and development. A poorly trained workforce penalizes companies when they try to grow (Cojocaru, 2017, p. 25). It is generally accepted that university graduates as workforce are the key driver of economic growth and development. The main aim of this study is to identify the difficulties faced by enterprises in the Republic of Kosovo to provide the necessary profiles with adequate skills. Employers say students don’t have the ability to think critically, innovate, solve complex problems and work well in a team (Alsop, 2015) In order to analyze the problems that companies face during the selection process, the necessary training, and also the projections for new employments for the coming years, this study uses the primary data provided by the face-to-face questionnaire. The program used for data analysis in SPSS. We came to the conclusion that enterprises find it difficult to ensure the right skills they require, the university graduates lack practice experience and soft skills. The right person with the right skills in the right workplace is the driving force behind the well-functioning of the labor market. The study comes up with further recommendations for the well-functioning of the triangle higher education institutions, policymakers, and enterprises.

scholarly journals Establishment of a Company and Share Acquisitions in Turkey by Foreigner Investors

2019 ◽  
Author(s):  
Mustafa Topaloğlu
Keyword(s):  
Foreign Capital ◽  
Stock Exchange ◽  
Foreign Investor ◽  
Foreign Direct Investments ◽  
Government Bonds ◽  
Foreign Investors ◽  
Foreign Companies ◽  
The Republic ◽  
Economic Assets ◽  
A Company

Relating to the establishment and acquisition of a company in Turkey by foreign investors, Foreign Direct Investments Law No.4875, FDI has entered into force on 17.06.2003. FDI formed a notification-based system rather than an approval-based system for foreigners to establish a new company and to take over company shares. Accordingly, company information regarding foreign investors will be notified to the General Directorate of Incentive Implementation and Foreign Capital via “Electronic Incentive Implementation and Foreign Capital Information System”. Foreign investment means establishment of a new company by a foreign investor or share acquisitions of an existing company, any percentage of shares acquired outside the stock exchange or 10 percentage or more of the shares/voting power of a company acquired through the stock exchange, by means of the following economic assets: assets acquired from abroad by the foreign investor which are capital in cash in the form of convertible currency bought and sold by the Central Bank of the Republic of Turkey, stocks and bonds of foreign companies excluding government bonds, machinery and equipment, industrial and intellectual property rights; or assets acquired from Turkey by foreign investor which are reinvested earnings, revenues, financial claims, or any other investment-related rights of financial value, rights for the exploration and extraction of natural resources. According to Article 4 of the Regulation for Implementation of Foreign Direct Investment Law, the Ministry of Economy shall provide information on the companies within the scope of foreign direct investments from Trade Registry Offices and related public institutions and organizations.

scholarly journals Influence of foreign direct investments on foreign trade of Czechia

Geografie ◽  
2005 ◽  
Vol 110 (1) ◽  
pp. 46-61
Author(s):  
Vladislav Čadil
Keyword(s):  
Foreign Trade ◽  
Foreign Capital ◽  
The Other ◽  
Foreign Firms ◽  
Foreign Direct Investments ◽  
Eu Countries ◽  
The One ◽  
Trade Partners ◽  
Positive Effect ◽  
Qualitative Changes

Deep changes in territorial and commodity structure of foreign trade have arisen after 1989 in Czechia. Economically developed states, especially EU countries, have become significant trade partners of Czechia. On the one hand, export and import of machines and means of transport have increased, on the other hand, export of semi-finished products and materials has decreased. Intense qualitative changes in territorial and commodity structures as well as an increase of foreign trade would be inconceivable (or significantly delayed) without a positive effect of foreign direct investments. Foreign capital has sharpened differences between prospering foreign firms and weak, uncompetitive home enterprises. The aim of this contribution is: a) to deal with the effects of foreign direct investments on the development of foreign trade in Czechia; b) to delineate the main trends in development of foreign trade affected by foreign capital.

Directions for Improving Pharmaceutical Assistance in the Context of the National Strategy of Quality of Life in the Republic of Moldova

Economica ◽  
2021 ◽  
Author(s):  
Corina Causan ◽  
◽  
Galina Samko ◽  
Keyword(s):  
Public Health ◽  
Quality Of Life ◽  
Growth And Development ◽  
Human Society ◽  
National Strategy ◽  
Economic Growth And Development ◽  
Republic Of Moldova ◽  
The Republic ◽  
The Individual

The health of the population is one of the decisive factors in the economic and social development of the state. The pharmaceutical service is an integral part of the health system. Pharmaceutical assistance aims to ensure the availability and accessibility of the population to effective, harmless and good quality drugs. In this article, the authors try to outline certain directions for improving pharmaceutical care in the Republic of Moldova, analysing international practice. Satisfactory level of public health contributes to economic growth and development of human society. At the same time, the quality of life, from the position of public health, generates physical, psychological and social repercussions of a pathology on the life of the individual

Halting Progress: Indonesia's Economic Development since 1880

Itinerario ◽  
2002 ◽  
Vol 26 (3-4) ◽  
pp. 15-34 ◽  
Author(s):  
Pierre van der Eng
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Quantitative Data ◽  
Development Process ◽  
The Other ◽  
Special Issue ◽  
Colonial Era ◽  
Economic Growth And Development ◽  
Development Experience ◽  
Published Research

This article contains a sweeping summary of Indonesia's macro-economic growth and development experience since 1880, largely on the basis of quantitative data from published research. It sets the scene for some of the other papers in this special issue. The paper identifies phases of economic expansion and contraction and some of the broad factors relevant to understanding the phasing of the development process that spans 120 years. Despite the halting progress in the country's development experience, the article underlines the continuity of economic change in Indonesia, beyond the years that demarcate the end of the colonial era. It also addresses the fact that in comparative terms Indonesia's growth experience during the twentieth century was remarkably fast.

scholarly journals Nexus between Foreign Remittance and Economic Growth in Bangladesh

2019 ◽  
Vol 1 (1) ◽  
pp. 17-22
Author(s):  
Hamidul Islam ◽  
Zulkornain Yusop ◽  
Md. Farjin Hasan ◽  
Mohammad Sahabuddin
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Growth And Development ◽  
Capital Inflows ◽  
Foreign Direct Investments ◽  
Direct Impact ◽  
Economic Growth And Development ◽  
Indirect Transmission ◽  
The World ◽  
Sources Of Capital

Objective: The aim of this study review the current literature for determining the nexus between foreign remittance and economic growth in Bangladesh. Foreign remittance plays a pivotal role for economic growth in developing countries. It has taken a considerable attention to promote economic development compared to others sources of capital inflows such as aids, loans and foreign direct investments due to direct impact on socio-economic acceleration in a country. As a developing country, Bangladesh is one of the top 10 remittance-recipient countries in the world. Recently, the trends of remittance inflow are shrinking due to geopolitics and Middle East crisis. Methodology: Previous studies were reviewed, made literature matrix for findings literature and methodological gaps. Results: The evidences in the literature reveal that the nexus between foreign remittance and economic growth is inclusive and ambiguous for direct or indirect transmission channels through the inclusion of other variables in the analysis as financial development, investment, trade, consumption and poverty alleviation. Implications: Therefore, remittances inflow not only enhances economic growth and development but also reduces poverty in the labor exporting country.

scholarly journals EXPORTS, FOREIGN DIRECT INVESTMENTS AND ECONOMIC GROWTH IN THE REPUBLIC OF CROATIA // IZVOZ, INOZEMNA IZRAVNA ULAGANJA I EKONOMSKI RAST U REPUBLICI HRVATSKOJ

2017 ◽  
Vol 14 (2) ◽  
Author(s):  
Sanja Franc
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Growth And Development ◽  
Direct Investment ◽  
Recipient Country ◽  
Free Movement ◽  
Foreign Direct Investments ◽  
The Republic ◽  
Free Movement Of Capital

Economic growth, export and foreign direct investment have been an important research subject for many years. The argument about the role of export as one of the main deterministic factors of economic growth has its roots in classical trade theories. Furthermore, according to the neoclassical theory, long-term economic growth is the consequence of an increase in exogenous factors such as increased labor force or technological progress. The export-led growth strategy of a country aims to provide incentives for the export of goods through various economic policy measures. Its goal is to increase the production of goods and services that can compete in the global market, use advanced technology and provide foreign exchange revenue needed to import capital goods. The emergence of new theoretical models that emphasize the importance of endogenous factors for economic growth has enabled the inclusion of foreign direct investment into analysis as one of growth determinants. Free movement of capital in the past was recorded only in a few countries and several sectors, and usually the capital flows followed the trade flows. Today there is a noticeable global trend of proliferation of free movement of capital. What is more, foreign direct investments have gained importance as desirable source of capital, especially in developing countries among which a strong competition for attracting such investments has developed. Foreign direct investments represent a specific form of capital because they imply a long-term interest as well as a certain share of ownership that ensures voting rights and participation in the management of the company. There is a vast literature dealing with the effects of foreign direct investment on the recipient country. It is generally accepted that these effects positively contribute to economic growth and development due to the inflow of fresh capital and spillover effects that depend on the absorption capacity of the recipient country. In conclusion, it is to be expected that liberalization of international trade and export performance, as well as the liberalization of capital movements and the inflow of foreign direct investment have a positive impact on the economic growth of a country. The aim of this paper is to examine the correlation between export, foreign direct investments and economic growth on the example of the Republic of Croatia. The conclusions of the research are of use in adopting appropriate policies and strategies for the growth and development of small open economies such as the Republic of Croatia.

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