FOREINN DIRECT INVESTMENT – A KEY FACTOR IN REDUCING ECONOMIC, SOCIAL AND ENVIRONMENTAL GAPS

Fedaa Abd Almajid Sabbar Alaraji and Gruescu Riana Maria
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Fedaa Abd Almajid Sabbar Alaraji: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS, DEPARTMENT OF ECONOMICS, ACCOUNTING AND INTERNATIONAL AFFAIRS
Gruescu Riana Maria: FACULTY OF INTERNATIONAL ECONOMIC RELATIONS, ACADEMY OF ECONOMIC SCIENCES, BUCHAREST

Annals - Economy Series, 2023, vol. 1, 168-177

Abstract: Foreign direct investment is currently an important mechanism for the implementation of technologies and know-how by providing foreign capital, especially in less economically developed countries, and is undoubtedly a major driver of development with obvious multiplier effects in all segments of the economy and society. Increased managerial performance, the development of new skills and abilities of employees, the creation of new jobs, increased production and productivity are just some of the direct effects of foreign investment. To all this we add their undeniable role in the implementation of know-how, especially in the green industry and the long-term sustainable development of the economy and society, as well as the achievement of the 2030 Agenda goals.

Keywords: developing countries; foreign direct investments; global FDI flows; pozitive impact of FDI; FDI developments (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2023:v:1:p:168-177

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