Foreign Direct Investment in the Post-Communist Member States of the European Union: Who Are the Leaders?

• Autorzy: Grażyna Kozuń-Cieślak , Ewa Markowska-Bzducha
• Języki publikacji: EN

Abstrakty

EN

Joining the European Union has been treated as a chance for Poland and other post-communist countries to improve their economic growth and development. It was clear from the beginning that it was going to be a long and demanding process in which success is only possible if appropriate economic policies are pursued. That policy should provide stable frameworks to support business development, attract foreign direct investments (FDI), keep the discipline in public finances and assure the right institutional ability and managerial skills to absorb the EU funds. According to forecasts by The McKinsey Quarterly from 2004, 5% Poland's economic growth rate was to require around USD 10 billion of annual FDI inflow! The aim of this study was identifying the leaders in attracting FDI among post-communist European Union member states in the period of 2004-2020. The research showed a huge variation in attracting foreign capital among eleven post-communist EU members. Estonia, the Czech Republic, Hungary, Slovakia seem to be winners in this race, leaving Poland far behind. (original abstract)

Słowa kluczowe

EN

Foreign investment; Post-communist countries; Member states; Economic development; Economic growth

PL

Inwestycje zagraniczne; Kraje postkomunistyczne; Państwa członkowskie; Rozwój gospodarczy; Wzrost gospodarczy

• Czasopismo: Central European Review of Economics & Finance
• Rocznik: 2021
• Numer: Vol. 33, No 2
• Strony: 23--34

Twórcy

autor

Grażyna Kozuń-Cieślak

• Kazimierz Pułaski University of Technology and Humanities in Radom, Poland

autor

Ewa Markowska-Bzducha

• Kazimierz Pułaski University of Technology and Humanities in Radom, Poland

Bibliografia

• Hunya, G. (2000). Recent FDI trends, policies and challenges in SEE countries in comparison with other regions in transition, The Vienna Institute for International Economic Studies (WIIW).
• OECD benchmark definition of foreign direct investment (1999), Third Edition, Organisation for Economic Co-operation and Development.
• Poland's investment challenge (2004). The McKinsey Quartely 3, [www.mckinseyquarterly.com].
• Sahr, R. (2018). Inflation Conversion Factors for Dollars 1774 to Estimated 2028. Oregon State University.
• UNCTAD Handbook of Statistics On-Line [http://www.unctad.org]
• World Investment Report (2002), UNCTAD, New York.

Identyfikatory

DOI

https://doi.org/10.24136/ceref.2021.005