Economic Themes (2011) 49 (3) 8, 467-481

FOREIGN INVESTMENTS AS A DETERMINANT OF STABLE ECONOMIC GROWTH AND DEVELOPMENT IN SERBIA


Ljiljana Bonić, Nebojša Stanković

Abstract: Foreign investments attract special attention of foreign legal and physical persons - potential investors, but also of the countries benefiting from foreign capital. Faced with the problems of economic reforms, the former socialist countries turn to foreign capital in an attempt to overcome the encountered difficulties, Serbia being among them. Foreign investments are of strategic importance for the Serbian economy, because they are an incentive for industrial development, as well as for achieving technological independence and attaining higher competitiveness of our production on the international market. So foreign investments become important determinant in achieving the economic growth and development of our country.

Keywords:  Foreign direct investment (FDI); growth; development

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