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The Foreign Direct Investments Entrance and its Impact into Countries in Transition (Case of Bosnia and Herzegovina)

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  • Zeljko Maric

    (University of Mostar, Faculty of Economics, Bosnia and Herzegovina)

Abstract

FDIs are very often the most glorified way of high and rapid economic development into transitional countries. Bosnia and Herzegovina has to catch up the significant higher level of real economic convergence before its entrance into European Union membership. So, in that way Bosnia and Herzegovina will be able to meet with a foreign competition on a huge common market of EU. The neoclassical concept of economic growth (famous as ''Washington Consensus'') which has been applying into Bosnia and Herzegovina emphasizes the FDIs entrance as the main actuator of B&H economic development. That concept supposes that FDIs entrance and comparative advantages could bring the optimal economic growth and development for all countries in the conditions of foreign trade and capital movement’s liberalization, monetary stability (without inflation and with stable exchange rate) and fiscal stability (balance of budget). The subject of this paper is the analysis of theoretical vindication of such macroeconomic policy and real role of FDIs in economic development concerning existing economic and political situation in Bosnia and Herzegovina and historical experiences of today developed economies.

Suggested Citation

  • Zeljko Maric, 2009. "The Foreign Direct Investments Entrance and its Impact into Countries in Transition (Case of Bosnia and Herzegovina)," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 5, pages 427-437.
    • Handle: RePEc:osi:journl:v:5:y:2009:p:427-437
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    More about this item

    Keywords

    Bosnia and Herzegovina; Washington Consensus; Foreign Direct Investments; Keynesianism; real and nominal convergence; European Union.;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F37 - International Economics - - International Finance - - - International Finance Forecasting and Simulation: Models and Applications

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