A Literature Review on the Relationship Between Foreign Direct Investment and Economic Growth in Balkan Countries

Armira Lazaj
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Armira Lazaj: Polytechnic University of Tirana, Tirana Albania

South-Eastern Europe Journal of Economics, 2022, vol. 20, issue 1, 67-80

Abstract: The process of globalisation has made the world a single global village. This process is now irreversible; it was primarily caused by trade and investment across economies resulting in strong worldwide market for goods, services and capital. Foreign Direct Investment is one of the important outcomes of globalisation. The world is full of development opportunities, covering the entire range from countries that have just begun to modernise to the richest countries. FDI help countries secure financing for their economic growth. These investments promote economic growth in both the host country and the country of origin. The host country benefits from FDI by financing projects planned, developing new technologies and generating new jobs. Investing companies benefit from the expansion of markets and, consequently, the growth of their shares in international markets. This paper targets and discusses the main theoretical aspects of existing literature pertaining to FDI. It starts with some definitions given by different institutions or authors regarding FDI, continuing with a history of foreign direct investments from ancient times to the present.

Keywords: (FDI) Foreign Direct Investment; Economic Development/Growth; Balkan Countries International Trade (search for similar items in EconPapers)
JEL-codes: F36 O15 Q56 (search for similar items in EconPapers)
Date: 2022
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