Emigration and Foreign Direct Investments: Links and Impact on the Bulgarian Economy

Object of the study are international migration and FDI, as the main phenomena of the globalization of economic relations. Another aspect is tracking the link, established in recent years, about the relationship between international migration and FDI, as a consequence of the evolution of the concept of the international movement of factors of production. In connection with these conceptual aspects, attempts were done to establish whether there are some connections between the growth of Bulgarian emigration and the formation of the Bulgarian diaspora abroad and the FDI inflows in the country. In particular, in the first section some details were given about the increase of Bulgarian emigration. In the second section some concrete conclusions have been drawn about the impact of FDI on macroeconomic development in Bulgaria. In the third section some possible links between migration and FDI were developed, arguing that some effects of "complementarities" can be established. The fourth section is devoted to the main potential benefit for the Bulgarian economy by the increase in remittances from Bulgarian emigrants to relatives remaining at home. Conclusions were made as well as on the relationship between migration and Bulgarian FDI and the effects on macroeconomic development and the prospects of evolution and the benefits of FDI and remittances like an external financial inflows.