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The Role of Structural Funds in Economic and Social Cohesion Process

Author

Listed:
  • Diana-Mihaela Pociovalisteanu
  • Emilian M. Dobrescu

Abstract

The aim of this paper is to explain Foreign Direct Investment of German enterprises. The theory of Foreign Direct Investment identifies a variety of location-specific, strategic, financial, as well as other motives which firms have in order to become multinationals. We apply the above theoretical schemata to the case of German enterprises and we also consider the evolution of German FDI in a historical context. The main conclusion of the research findings is that financial, strategic and location specific factors have been historically very influential in the decision of these firms to invest abroad. Thus both big businesses and SMEs invest mainly in Europe, with the US as the second-best location option. However, nowadays, there is a limited but essential trend that this may change. We argue that although historically location specific factors have been the most influential for FDI activity, in the current globalisation process German enterprises tend to shape their investment strategy on broader factors which influence core developments in the international economy. Thus the emergence of the BRIC (Brazil, Russia, India, China) emerging markets may change for ever the character of German FDI. If however this does not occur, the German industry may face, severe competitive pressures form its foreign rivals over the next years.

Suggested Citation

  • Diana-Mihaela Pociovalisteanu & Emilian M. Dobrescu, 2009. "The Role of Structural Funds in Economic and Social Cohesion Process," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 27-36.
  • Handle: RePEc:ers:journl:v:xii:y:2009:i:2:p:27-36
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    Cited by:

    1. Theodore Katsanevas, 2016. "Currency Wars, Recession Policies and the Overvalued Euro are to be Blamed for the Modern Greek Tragedy," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 3-19.
    2. Mirela Cristea & Eleftherios Thalassinos, 2016. "Private Pension Plans: An Important Component of the Financial Market," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 110-115.
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    5. Vasily I. Vlasov & Galina B. Vlasova & Svetlana V. Denisenko & Olga V. Litvinova, 2017. "The Basic Principles of the European State and Dynamics of the Political and Legal Development within the Russian Federation," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 225-233.
    6. repec:ers:journl:v:xx:y:2017:i:3a:p:408-416 is not listed on IDEAS
    7. T.V. Shatkovskaya & N.G. Romanenko & Y.A. Naumenko & E.A. Parshina, 2017. "The Problem of Individualization of Legal Entities in Terms of Innovative Development of the Russian Federation and the European Union Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 162-171.
    8. Gina Ionela Butnaru & Valentin Nita, 2016. "European Union and Romanian Tourism – ß and s Convergence in the Economic Development Regions of Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(42), pages 369-369, May.
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    15. I.G. Napalkova & N.E. Orlova & P.S. Samygin & G.B. Vlasova, 2017. "The Impact of European Law on the Development of Legal System of Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 77-86.
    16. repec:ers:ijebaa:v:iv:y:2016:i:2:p:54-69 is not listed on IDEAS
    17. Prof. Dr. Ion Criveanu & Dr. Ec. Loredana Iordache, 2015. "Establishing Human Resources Strategies and Policies Correlating with Company's Objectives," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 3-10.
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    More about this item

    Keywords

    Structural funds; cohesion policy; economic development;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration

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