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FDI and Impacts of Country Risk – Factors affecting the Influx of FDI in Emerging Economies

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  • Kipouros ANAGNOSTIS

    () (Accounting Department of Kavala Institute of Technology, Kavala, Greece)

Abstract

The role of “Foreign Direct Investments” - (FDI)” is crucial for all the countries throughout the world but it is very important, specifically for the emerging Markets of Balkans and Black sea countries.tical factor of the overall economic growth for the countries of this region from the 1990s and onwards. is generally acceptable that the «foreign flows of capital» and the involving investment enterprises actions in foreign countries play today an essential and accelerative role in the industrial and economic growth of these states, which are also called as «Transition economies».for all countries of South-Eastern Europe and Black sea, it is underlined thus the vital importance of contribution of foreign investors in the area of finance, innovation and innovative action, that are crucial for the transformation of their economies into a viable and sustainable market economy. ese countries with economies in transition, it seems that the development rate has negative impacts due to a number of adverse factors derived from political and economic environment.These adverse factors are namely the state bureaucracy and political and social corruption, as phenomena of structural weaknesses of the society and economy that have as an impact a hostile environment encountering innovation and competitiveness process of any economy.

Suggested Citation

  • Kipouros ANAGNOSTIS, 2011. "FDI and Impacts of Country Risk – Factors affecting the Influx of FDI in Emerging Economies," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 10(2), pages 89-97.
  • Handle: RePEc:pts:journl:y:2011:i:2:p:89-97
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    References listed on IDEAS

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    1. World Bank & International Finance Corporation, 2006. "Doing Business in 2006 : Creating Jobs," World Bank Publications, The World Bank, number 7421.
    2. Egger, Peter & Winner, Hannes, 2005. "Evidence on corruption as an incentive for foreign direct investment," European Journal of Political Economy, Elsevier, vol. 21(4), pages 932-952, December.
    3. Yuko Kinoshita & Nauro F. Campos, 2003. "Why Does Fdi Go Where it Goes? New Evidence From the Transition Economies," IMF Working Papers 03/228, International Monetary Fund.
    4. Brada, Josef C. & Kutan, Ali M. & Yigit, Taner M., 2003. "The effects of transition and political instability on foreign direct investment: Central Europe and the Balkans," ZEI Working Papers B 28-2003, University of Bonn, ZEI - Center for European Integration Studies.
    5. Chakrabarti, Avik, 2001. "The Determinants of Foreign Direct Investment: Sensitivity Analyses of Cross-Country Regressions," Kyklos, Wiley Blackwell, vol. 54(1), pages 89-113.
    6. Pahud de Mortanges, Charles & Allers, Vivian, 1996. "Political risk assessment: Theory and the experience of Dutch firms," International Business Review, Elsevier, vol. 5(3), pages 303-318, June.
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    Cited by:

    1. Ali, Muhammad Ali & Asfand, Asfand Yar Khattak & Bakhtiyar, Bakhtiyar Khan & Hammad, Raja Hammad Amhed, 2014. "Financial Risk and Foreign Direct Investment: Evidence from Pakistan Economy," MPRA Paper 60779, University Library of Munich, Germany, revised 12 Dec 2014.
    2. Bundala, Ntogwa, 2012. "Do Economic Growth, Human Development and Political Stability favour sovereign Creditworthiness of a Country? A Cross Country Survey on Developed and Developing Countries," MPRA Paper 47626, University Library of Munich, Germany.

    More about this item

    Keywords

    foreign capital flows; foreign direct investments; country Risk; political risk; economic effects;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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