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Foreign Direct Investment and Regional Development in Romania

Author

Listed:
  • Corduneanu, Carmen
  • Iovu, Laura Raisa

Abstract

The regional integration of the Romanian economy implies the continuation of modernizing existent structures, expanding the new entrepreneurial culture and foster the individual competences for corresponding to the European model. Foreign direct investments represent the link between financial and productive systems, integrating them at a regional and global level. Beside the imported capital flows, they have a direct impact upon the management of the productive entities, assure a transfer of modern technologies, increase the level of occupation and the household available income, modifying the consumers culture. The regional development policy must ensure the reduction of disparities between the different levels of development of the Romanian regions through encouraging foreign direct investment capable of completing the little dimension of the local capital. Taking into consideration the movement of disparities to East and the fact that the increase of economical development disparity after the last two European Union enlargements did not involve a higher level of allocated funds, foreign direct investments remain an alternative for the disparity elimination and accelerating the restructuring marked by the globalization

Suggested Citation

  • Corduneanu, Carmen & Iovu, Laura Raisa, 2007. "Foreign Direct Investment and Regional Development in Romania," MPRA Paper 12926, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12926
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    File URL: https://mpra.ub.uni-muenchen.de/12926/1/MPRA_paper_12926.pdf
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    References listed on IDEAS

    as
    1. Balasubramanyam, V N & Salisu, M & Sapsford, David, 1996. "Foreign Direct Investment and Growth in EP and IS Countries," Economic Journal, Royal Economic Society, vol. 106(434), pages 92-105, January.
    2. Magnus Blomstrom & Denise Konan & Robert E. Lipsey, 2000. "FDI in the Restructuring of the Japanese Economy," NBER Working Papers 7693, National Bureau of Economic Research, Inc.
    3. Blomstrom, Magnus, 1986. "Foreign Investment and Productive Efficiency: The Case of Mexico," Journal of Industrial Economics, Wiley Blackwell, vol. 35(1), pages 97-110, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Corduneanu, Carmen & Iovu, Laura Raisa, 2008. "The multinational companies - an institutional response to the changes in the technological market," MPRA Paper 12972, University Library of Munich, Germany.

    More about this item

    Keywords

    regional development; socio-economical disparities; foreign direct investments;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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