1st Edition

The Balkans: Foreign Direct Investment and EU Accession

By Aristidis Bitzenis Copyright 2010

    The fall of communism and subsequent developments have put a renewed spotlight on the potential of the Balkan economies. Bulgaria, Albania, Serbia & Montenegro, Romania and the Former Yugoslav Republic of Macedonia are countries which have attracted low levels of investment and poor political leadership in most of the countries has delayed much needed reforms. However, there are now signs of improvement and this timely book fills a significant gap in the available literature. Demonstrating that these countries must engage as fully as possible with the world economy via EU accession, this book explores the implications of the specific characteristics of these countries which have made the transition process more difficult. This exciting new volume is valuable reading for students, academics and business professionals interested in international development in the Balkans.

    Introduction; 1: Transition Economies vs. Market Economies: Increased FDI Inflows in Transition Economies; 2: Privatization Theory: Privatization Deals as a Reason for Increased FDI Outflows; 3: Foreign Direct Investment Theory; 4: Determinants of Foreign Direct Investment: Empirical Evidence; 5: Trends of FDI under Globalization: The Case of Regionalization of FDI Inflows; 6: The European Union (EU) and the Economic and Monetary Union (EMU): Prospects of the Balkan Countries Integrating into the EU; 7: Case Studies; 8: Conclusion

    Biography

    Aristidis Bitzenis is Assistant Professor at the University of Macedonia in Department of International and European Studies, Greece.

    'This book by Aristidis Bitzenis ably guides the reader through a very complex story, focusing on the key roles played by Foreign Direct Investment and steps towards EU accession in setting the Balkans on a more positive development path.' Paul Hare, Heriot-Watt University, UK '...essential reading for international experts and observers to comprehend aspects of the Balkan Peninsula. Aristidis Bitzenis is perhaps the best I have ever read at performing this crucial analysis...' Bruno S. Sergi, University of Messina, Italy '...a necessary tool of study for students, academics and business professionals interested in international development in the Balkans...It is easy reading without diminishing the academic credentials of the book. I wholeheartedly recommend this book.' John Marangos, Colorado State University, USA