FDI in Romania between EU and the Global Economic Crisis

Abstract

Abstract In the context of globalization, foreign direct investment represent the main way of participation in international economic exchanges for Romania. The presence of FDI in Romania is a tradition since the early twentieth century, but they had a limited application in the postwar period and until 1989. The liberalization of the legal framework after 1989 led to the expansion of FDI in all fields of activity with beneficial effects on the national economy. Given the considerable negative impact of the economic crisis on FDI inflows in Romania, this paper aims to analyze the evolution of FDI in Romania after 1989 with special reference to two issues: adhering to the EU and the global economic crisis. The conclusions of this analysis can be used as general guidelines to reconsider the policies and instruments to attract FDI in Romania in the post crisis.