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Pros and cons of foreign direct investments on local economy

Author

Listed:
  • Marius Cristea

    (Észak-Nyugat Fejlesztési Ügynökség)

  • Stefana A. D. Varvari

    (Babes Bolyai Tudományegyetem)

  • József Benedek

    (University of Miskolc)

Abstract

Foreign direct investments represent an essential factor of economic development and growth at all levels: national, regional and local (county or municipality/city/commune). These investments can have both positive and negative impact on the local develop-ment depending mostly on the type of FDI taking into consideration the attraction fac-tors for specific foreign investors. The authors try to underline these aspects by analyzing the FDI in Cluj county and taking as a case study the NOKIA investment in Cluj and presenting the benefits and also the problems it created for the local community.

Suggested Citation

  • Marius Cristea & Stefana A. D. Varvari & József Benedek, 2012. "Pros and cons of foreign direct investments on local economy," Eszak-magyarorszagi Strategiai Fuzetek, Faculty of Economics, University of Miskolc, vol. 9(2), pages 20-34.
    • Handle: RePEc:mic:esfjrn:v:9:y:2012:i:2:p:20-34
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    References listed on IDEAS

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    23. Mirela PANAIT & Cătălin VOICA, 2017. "The relation between foreign direct investments and some economic indicators. The case of Romanian economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(611), S), pages 263-276, Summer.
    24. Mahmood, Haider & Alkhateeb, Tarek Tawfik Yousef & Ahmed, Nawaz, 2017. "Impact of Devaluation on Industrial Exports in Saudi Arabia: J-Curve Hypothesis," MPRA Paper 109455, University Library of Munich, Germany.

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    More about this item

    Keywords

    foreign direct investments; FDI determinants; FDI inflows;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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