Breadcrumbs Section. Click here to navigate to respective pages.
Chapter

Chapter
Investment and Development in the Western Balkans
DOI link for Investment and Development in the Western Balkans
Investment and Development in the Western Balkans book
Investment and Development in the Western Balkans
DOI link for Investment and Development in the Western Balkans
Investment and Development in the Western Balkans book
Click here to navigate to parent product.
ABSTRACT
This chapter examines the contemporary economic, political and security environment of the Western Balkans, an area as comprising Albania, Bosnia and Hercegovina, Macedonia and Serbia and Montenegro. Foreign acquisitions of local enterprises have tended to be followed by substantial employment reductions and productivity-enhancing investment. The chapter also examines the role of the western Balkan environment in attracting or repelling Foreign Direct Investment (FDI). Capital inflows from abroad are of potentially fundamental importance in the western Balkans, particularly because of a low level of savings and investment. The chapter provides measures pursued at a number of levels to addresses the stability and development of the region and – implicitly – to enhance its attractiveness for FDI. FDI is usually viewed as an important element of sustainable development as it: represents capital inflows; can indicate the presence of – and can generate further – international cooperation and expresses confidence by foreign investors in the country's or region's economy.