Foreign Direct Investment and Regional Development in Romania

Carmen Corduneanu and Laura Raisa Iovu

MPRA Paper from University Library of Munich, Germany

Abstract: The regional integration of the Romanian economy implies the continuation of modernizing existent structures, expanding the new entrepreneurial culture and foster the individual competences for corresponding to the European model. Foreign direct investments represent the link between financial and productive systems, integrating them at a regional and global level. Beside the imported capital flows, they have a direct impact upon the management of the productive entities, assure a transfer of modern technologies, increase the level of occupation and the household available income, modifying the consumers culture. The regional development policy must ensure the reduction of disparities between the different levels of development of the Romanian regions through encouraging foreign direct investment capable of completing the little dimension of the local capital. Taking into consideration the movement of disparities to East and the fact that the increase of economical development disparity after the last two European Union enlargements did not involve a higher level of allocated funds, foreign direct investments remain an alternative for the disparity elimination and accelerating the restructuring marked by the globalization

Keywords: regional development; socio-economical disparities; foreign direct investments (search for similar items in EconPapers)
JEL-codes: E20 F21 F43 (search for similar items in EconPapers)
Date: 2007-10-01
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Citations: View citations in EconPapers (1)

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