When Foreign Direct Investment is Good for Development: Bulgaria’s accession, industrial restructuring and regional FDI

Diana Bozhilova

GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe from Hellenic Observatory, LSE

Abstract: This article examines the dynamic between the process of Bulgaria’s European Union accession and the flow of Foreign Direct Investments to the country in its industrial base. A critical differentiation between speculative and non-speculative FDI is drawn while determining that the geographic origin of investments matters. Greek FDI, in particular, emerges as a major source of strategic regional investments in Bulgaria’s industry highlighting the significance of regional trade and cooperation for the long-term economic outlook not only for the host country but also for the region by enhancing the area of economic progress and development.

Keywords: Bulgaria; EU Phare Fund; FDI; regional cooperation; industrial restructuring. (search for similar items in EconPapers)
Date: 2010-03
New Economics Papers: this item is included in nep-eur and nep-tra
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Citations: View citations in EconPapers (40)

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