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Foreign Direct Investment and Investment Development Path. The Case of Visegrad Countries (Bezposrednie Inwestycje Zagraniczne a Inwestycyjna Sciezka Rozwoju. Przypadek krajow grupy Wyszehradzkiej)

Grzegorz Tchorek ()
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Grzegorz Tchorek: Wydzial Zarzadzania, Uniwersytet Warszawski

Research Reports, 2016, vol. 2, issue 22, 201-212

Abstract: The main aim of the article is to describe shortly the role of FDI in economic transformation and increasing export capabilities of the Visegrad countries. In the first part potential benefits of FDI are described, and in the second one conditionality of gaining profits from FDI presence is outlined. The third part is dedicated to analysing the relation between the FDI inflow and the ability to export FDI using the concept of Investment Development Path. In the fourth part, data and facts related to inward and outward FDI of the Visegrad countries are recalled. The main message from the article is that attracting FDI cannot be the goal in itself. It should serve to improve export and innovation capabilities of a local economy. It also demands a smart policy dedicated to attracting “good quality” investment. Potential benefits brought about by the FDI presence and access to related knowledge and technology depend on absorption capacity. Increased absorption capability of an economy, namely improved quality of production factors, enhances opportunities for capital export and presence in foreign markets in the form of FDI.

Keywords: export; foreign direct investment; spillover effects (search for similar items in EconPapers)
JEL-codes: F18 F21 F23 (search for similar items in EconPapers)
Date: 2016
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Handle: RePEc:sgm:resrep:v:2:i:22:y:2016:p:201-212