Foreign Direct Investment As An Imperative For Improving The Competitiveness Of Serbian Economy In The Post-Crisis Period Cover Image

Стране директне инвестиције као императив унапређења конкурентности српске привреде у посткризном периоду
Foreign Direct Investment As An Imperative For Improving The Competitiveness Of Serbian Economy In The Post-Crisis Period

Author(s): Marija Petrović-Ranđelović, Snežana Radukić
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: foreign direct investment; level of competitiveness; global economic crisis; European Union; Republic of Serbia

Summary/Abstract: The issue of competitiveness is becoming increasingly important in times of global crisis. The global financial and economic crisis has set a challenge for the governments of all countries to undertake activities aimed at improving international competitiveness. Bearing in mind that foreign direct investment served as a growth engine of Serbian economy and one of the key sources (in addition to foreign loans) of financing the deficit in the current account balance in the period before the crisis, the analysis of the dynamics of movement of the inflows of foreign direct investment requires special attention since, in the new post-crisis growth and development model, a significant role is given to foreign direct investment in speeding the pace of economic growth and improving the competitiveness of Serbian exports. The aim of this paper is to highlight the interdependence of foreign direct investment and the level of competitiveness in order to identify all of the key factors that incentivize foreign direct investment, thus enabling the realization of competitive advantages of Serbian economy.

  • Issue Year: 2014
  • Issue No: 02
  • Page Range: 507-526
  • Page Count: 20
  • Language: Serbian