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The Influence Of Foreign Direct Investment On The Economic Development

Author

Listed:
  • Ristovska, Natasha

    (University of Tourism and Management in Skopje, Macedonia)

  • Stoilkovska, Aleksandra

    (University of Tourism and Management in Skopje, Macedonia)

  • Ravlikj, Ivona

    (University of Tourism and Management in Skopje, Macedonia)

Abstract

Foreign investments have an impact on the development of the economy in the host country, through the transfer of capital, technology and management practices. In addition, they contribute to improving business activities of domestic companies, as well as to the development of human resources in the country in which they have invested. This paper presents implemented action research that describes the benefits of investment conditions in the Republic of Macedonia, and thus the impact of foreign investment on its economic development; we rely on. A survey of foreign companies that have realized investments in the country, in order to understand their perspectives on the conditions for investing in the local economy. The paper also aims to demonstrate the role of the state in promoting the favorable conditions for in-coming investing firms. In the efforts to enhance the local economy there is a need for attracting foreign investors with investments that would increase the competitiveness of domestic product markets, contribute to the performance of domestic companies and improve the labor markets of the host.

Suggested Citation

  • Ristovska, Natasha & Stoilkovska, Aleksandra & Ravlikj, Ivona, 2017. "The Influence Of Foreign Direct Investment On The Economic Development," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 8(2), pages 141-150.
    • Handle: RePEc:ris:utmsje:0205
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    international management; business environment; strategy; foreign investors;
    All these keywords.

    JEL classification:

    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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