The Impact of FDI on Economic Development: The Case of Georgia

Author:

Charaia Vakhtang1,Chochia Archil2,Lashkhi Mariam3

Affiliation:

1. Faculty of Economics and Business , Tbilisi State University , Chavchavadze Ave. 1, Tbilisi 0178 , Georgia

2. Department of Law , Tallinn University of Technology , Akadeemia tee 3, Tallinn 12618 , Estonia

3. Faculty of Business Administration , Georgian Aviation University , Ketevan Tsamebuli Ave. 16, Tbilisi 0103 , Georgia

Abstract

Abstract From the strategic point of view, not all foreign direct investments (FDI) are always positively benefiting the host economy, i.e. not all multinational enterprises (MnEs) are promoting local host economies. Even more, not all FDIs are equally beneficial to different sectors within the same economy. The fact is that fdi can impact different sectors in various ways, and the impact is not only based on the amount of fdi itself but on MnEs’ motivations and the peculiarities of the host economy, which can differ from country to county. in other words, only fdi numbers aggregated per year are not really giving a comprehensive picture of the situation and in many cases lead to incorrect strategic decisions, as it has happened in many countries, including Georgia.

Publisher

Walter de Gruyter GmbH

Reference36 articles.

1. Aggarwal, A. (2005), ‘The influence of labour markets on FDI: some empirical explorations in export oriented and domestic market seeking FDI across Indian states,’ in Competitive Section of the Global Conference on Business and Economics, held at the Oxford University, London, pp. 25–27.

2. Brouthers, L. E.; Gao, Y. & McNicol, J. P. (2008), ‘Corruption and market attractiveness influences on different types of FDI,’ Strategic Management Journal, vol. 29, no. 6, pp. 673–680. https://doi.org/10.1002/smj.669

3. Cieślik, E.; Biegańska, J. & Środa-Murawska, S. (2019), ‘Central and Eastern European states from an international perspective: economic potential and paths of participation in global value chains,’ Emerging Markets Finance and Trade, pp. 1–17. https://doi.org/10.1080/1540496X.2019.1602519

4. Charaia, V. (2014), ‘Local investment climate and the role of (sustainable) FDI: the case of Georgia,’ International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering, vol. 8, no. 2, pp. 425–428. Retrieved from http://waset.org/publications/9997562/local-investment-climate-and-the-role-of-sustainable-fdi-the-case-of-georgia [accessed Jun 2020]

5. Charaia, V. (2017a), Trade and Investment Relations between Georgia and China, Expert Opinion, Georgian Foundation for Strategic and International Studies, pp. 3–13. Retrieved from https://www.gfsis.org/files/library/opinion-papers/94-expert-opinion-eng.pdf [accessed Jun 2020]

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3