Abstract
The progressing liberalisation of global trade has been accompanied by a constant rise and increased importance of foreign investments in recent decades. In this respect, foreign investments, particularly foreign direct investments, constitute indisputably an integral part of the increasing cross-linking of markets and form in their entirety an important element as well as an indicator of the so-called economic globalisation. Moreover, foreign investments are often described as an “engine of global economic growth”. This may be agreed with, as it has been evident for quite some time that foreign investments, or the inflow of foreign investments, make a great contribution to a positive economic development of a country and a national economy. At the same time, they can be seen as an important instrument for the creation and increase of economic welfare, for the reduction of poverty and thus in many cases for political and social stabilisation.
Published Version
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