Pros and cons of foreign direct investments on local economy

Marius Cristea, Stefana Varvari and József Benedek
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Marius Cristea: Észak-Nyugat Fejlesztési Ügynökség
József Benedek: University of Miskolc

Eszak-magyarorszagi Strategiai Fuzetek, 2012, vol. 9, issue 2, 20-34

Abstract: Foreign direct investments represent an essential factor of economic development and growth at all levels: national, regional and local (county or municipality/city/commune). These investments can have both positive and negative impact on the local develop-ment depending mostly on the type of FDI taking into consideration the attraction fac-tors for specific foreign investors. The authors try to underline these aspects by analyzing the FDI in Cluj county and taking as a case study the NOKIA investment in Cluj and presenting the benefits and also the problems it created for the local community.

Keywords: foreign direct investments; FDI determinants; FDI inflows (search for similar items in EconPapers)
JEL-codes: R11 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (25)

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