Macedonian question

FOREIGN DIRECT INVESTMENT IN THE FRAMEWORK OF CROSS-BORDER CO-OPERATION IN SELECTED BALKAN COUNTRIES


TRAJKO SLAVESKI AND PECE NEDANOVSKI
Faculty of Economics, St. Kyril and Methodius University
F.Y.R. of Macedonia


Introduction

Due to certain historical and institutional factors in the past, there were significant obstacles to movement of capital to and from the Balkan economies. Balkan countries in transition faced shortage of capital at the early stages of transformation of their economic systems. Their enterprise sectors needed restructuring: financial, ownership, technological, etc., in order to be viable and ready to face the new challenges of market economy. Differences in attitudes towards FDI among countries in the region remain and are determined by various factors (cultural, ethnic, social, etc.). However, the more dynamic inflow of capital in the future is expected to reduce these differences.
The goals of the paper are:
· To elaborate the current and f...