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Role of Direct Foreign Investment in Development of Balkan Countries (Focus on Serbia)

Author

Listed:
  • Dragana Radenkovic-Jocic

    (Faculty of Economics, University of Nis, Serbia & Montenegro)

Abstract

In the past, Yugoslavia was the only socialist country that allowed foreign investment. Nowadays, Serbia & Montenegro and its Foreign Investment Law allow foreign investors to found their own companies under the condition of reciprocity in almost all of the economic sectors. The law is based on internationally recognized and known solutions which ensure a completely equal (i.e. national) treatment of foreign investors in business dealings in this country and provide investors with full transparency of regulations and practices regarding the status and treatment of foreign investment and foreign investors. Foreign investors are guaranteed full protection of their property rights.

Suggested Citation

  • Dragana Radenkovic-Jocic, 2004. "Role of Direct Foreign Investment in Development of Balkan Countries (Focus on Serbia)," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 2(2), pages 101-118.
    • Handle: RePEc:seb:journl:v:2:y:2004:i:2:p:101-118
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    File URL: http://www.asecu.gr/Seeje/issue03/radenkovic.pdf
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    More about this item

    Keywords

    Foreign investment; Reforms; Privatization;
    All these keywords.

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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