România în perioada post-criză: investiţiile străine directe şi efecte asupra echilibrului financiar extern

Romania in post-crisis period: foreign direct investments and effects on external financial balance

George Georgescu

MPRA Paper from University Library of Munich, Germany

Abstract: Under the circumstances of the global crisis effects on risk appetite of international investors, the net FDI flows in Romania registered a sharp fall in post-crisis period to levels of 1/5 as compared to 2008. Even if the current account deficits of Romania have significantly decreased in the post-crisis years, their coverage by FDI has been reduced below 1/3. The financial performances of foreign companies operating in Romania have worsened, which, besides the erosion of comparative advantages, is increasing the risk of closing businesses and of capital outflows. Taking into account also the major contribution of companies with foreign capital to Romania’s exports (about 70%) the recovery of FDI inflows, helped by adequate measures in order to regain the investor’s confidence and to improve the business environment has become of crucial importance for the perspectives of the country’s external financial stability on medium and long run.

Keywords: global crisis; foreign direct investments; external financial balance; debt sustainability; foreign trade. (search for similar items in EconPapers)
JEL-codes: E22 F21 G01 G15 O24 (search for similar items in EconPapers)
Date: 2013-03-15
New Economics Papers: this item is included in nep-tra
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Citations: View citations in EconPapers (1)

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