Competitiveness of the Economy in Attracting Foreign Direct Investment

Marjanović, Darko and Radojević, Predrag (2011) Competitiveness of the Economy in Attracting Foreign Direct Investment. In: I International Symposium Engineering Management and Competitiveness (EMC2011), Zrenjanin, 24-25th June 2011. Technical faculty "Mihajlo Pupin", Zrenjanin, pp. 215-220. ISBN 978-86-7672-135-1

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Abstract

Foreign investments are now in almost all countries of the world recognized as an important tool for development and an important channel to activate their potential. Global trends in foreign direct investment and actual investment values indicate the great importance of foreign direct investment in the global economy. The main objective of the transition countries are trying to achieve is to achieve stable, long-term economic growth that will be based on increasing investment and increasing the competitiveness of their products in international markets. Important role in realizing this goal have foreign direct investment through direct contribution to the transition process and the inflow of capital, by creating new sales channels for domestic companies, through the strengthening of competition and the restructuring in the domestic economy. For the domestic economy are very important fiscal incentives to attract foreign investors to invest their capital in Serbia and thus contribute to the new foreign investment Serbian become a leading country in attracting foreign capital in the countries of the region. This will be primarily reflected in increased rates of economic growth and reducing poverty, improving competitiveness and knowledge of employees and to increase tax revenue. Therefore, in order to achieve growth and development necessary to pursue policies of openness to foreign direct investment, maintaining the necessary measures to remove barriers that could slow the influx of foreign investors.

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