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When foreign direct investment is good for development: Bulgaria’s accession, industrial restructuring and regional FDI

  • Diana Bozhilova
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    This article examines the dynamic between the process of Bulgaria’s European Union accession and the flow of Foreign Direct Investments to the country in its industrial base. A critical differentiation between speculative and non-speculative FDI is drawn while determining that the geographic origin of investments matters. Greek FDI, in particular, emerges as a major source of strategic regional investments in Bulgaria’s industry highlighting the significance of regional trade and cooperation for the long-term economic outlook not only for the host country but also for the region by enhancing the area of economic progress and development.

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    Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 27673.

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    Length: 44 pages
    Date of creation: Mar 2010
    Date of revision:
    Handle: RePEc:ehl:lserod:27673
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    1. Barry, Frank & Bradley, John, 1997. "FDI and Trade: The Irish Host-Country Experience," Economic Journal, Royal Economic Society, vol. 107(445), pages 1798-1811, November.
    2. Ivan Angelov, 2001. "Positive and Negative Effects from the Integration of Bulgaria to European Union," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 24-61.
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