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The Impact of the Efficiency of the Judicial System in Attracting Foreign Direct Investments in the Republic of North Macedonia

Author

Listed:
  • Kirovska Zanina

    (Integrated Business Faculty -Skopje, bul.3ta Makedonska brigada 66a, Skopje, Republic of North Macedonia.)

  • Gjozinska Biljana

    (Integrated Business Faculty -Skopje, bul.3ta Makedonska brigada 66a, Skopje, Republic of North Macedonia, +38978432262)

  • Jadrovska Lidija Tanevska

    (Supreme Court of the Republic of North Macedonia.)

Abstract

Foreign direct investment is one of the major factors for the development of national economies with positive implications for the growth of their gross domestic product, technology transfer, as well as increased competitiveness and improved performance of local companies. They generate investment capital, provide new employment, transfer expertise and skills to employees, and increase exports. In the Republic of North Macedonia a number of reform activities have been undertaken relating the protection of property rights, improvement of the efficiency in the functioning of the legislative, judicial and executive branches of government, which result with reduced business risks and motivates companies to make investment decisions. Current paper aimed at outlining the connection between the effectiveness of the judicial system and increasing the number of foreign direct investments in the Republic of North Macedonia.

Suggested Citation

  • Kirovska Zanina & Gjozinska Biljana & Jadrovska Lidija Tanevska, 2022. "The Impact of the Efficiency of the Judicial System in Attracting Foreign Direct Investments in the Republic of North Macedonia," Zagreb International Review of Economics and Business, Sciendo, vol. 25(1), pages 21-32.
    • Handle: RePEc:vrs:zirebs:v:25:y:2022:i:1:p:21-32:n:1002
    DOI: 10.2478/zireb-2022-0002
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    Keywords

    judicial system; foreign direct investment;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • K49 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Other

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