THE INFLUENCE OF FOREIGN DIRECT INVESTMENT ON THE ECONOMIC DEVELOPMENT

Natasha Ristovska (), Aleksandra Stoilkovska and Ivona Ravlikj
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Natasha Ristovska: University of Tourism and Management in Skopje, Macedonia
Aleksandra Stoilkovska: University of Tourism and Management in Skopje, Macedonia
Ivona Ravlikj: University of Tourism and Management in Skopje, Macedonia

UTMS Journal of Economics, 2017, vol. 8, issue 2, 141-150

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.

Keywords: international management; business environment; strategy; foreign investors (search for similar items in EconPapers)
JEL-codes: M16 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ris:utmsje:0205

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