REMODELLING OF INVESTMENT ACTIVITY WORLDWIDE WITHIN THE WORLD ECONOMIC CRISIS

Mariana Mihailescu and Marinela Lazarica
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Mariana Mihailescu: “Constantin Brancoveanu” University

Romanian Economic Business Review, 2010, vol. 5, issue 3, 154-166

Abstract: Starting from 2008 the development of investment activity worldwide has been earmarked by the world economic crisis, its effect resulting in a major decline of direct foreign investment flows, after an extremely favourable evolution in the past years. The activity of transnational corporations, a major source of developing foreign investments in the previous years, has declined considerably. Under these circumstances, the managers of transnational corporations had to make decisions concerning activity restructuring, cost cutting by fair means or foul, or requiring the government support in order to save from bankruptcy. Some succeeded to survive, some didn’t. Information and communication technology (ICT) industry witnessed an enormous increase in the process of globalization. In the last years, the vast implementation of ICT in all levels of society represents a global tendency of world development. The ICT sector became one of the most dynamic and viable sectors of the national economy, and the investments and advanced use of technologies have generated a real revolution in this domain. The present paper aims to emphasize some aspects related to changes occurred in the field of investment activity worldwide, subject to the impact of the current economic downturn.

Keywords: foreign direct investment inflows; foreign direct investment outflows; transnational corporation; ICT industry (search for similar items in EconPapers)
Date: 2010
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