STRANE DIREKTNE INVESTICIJE I TRŽIŠTE RADA U REPUBLICI SRBIJI: POSTKEJNZIJANSKI PRISTUP
FDI AND JOB QUALITY IN SERBIA: A POST-KEYNESIAN APPROACH

Summary/Abstract: The aim of this paper is to shed more light on the relationship between Foreign Direct Investment (FDI) and job quality in the Republic of Serbia from a Post-Keynesian perspective. The research findings indicate that the dominant role of foreign capital in shaping the institutional framework of the national economy, coupled with a generous foreign investor subsidy policy, has not led to the anticipated improvements in the quality of the Serbian labour market. These results are interpreted in the context of the extensive role assigned to FDI in the Serbian economy. Consequently, public policymakers, when faced with the dilemma of choosing between competing macroeconomic objectives achievable through foreign capital inflow, often do not prioritize job quality as a key determinant in formulating policies towards foreign investors.

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