Tiesioginių užsienio investicijų poveikis ekonominio augimo tempams konvergavimo aspektu
Effect of direct foreign investments to economical growth rates in convergence aspect

Summary/Abstract: Following a review of research, noted that globalization can be understood as an integrated and liberalized global trade and capital market development process and the new international institutional order of formation, which focuses on three pillars - international trade, migration and mobility of capital. In this study only examined the capital mobility aspect, etc. effects of foreign direct investment on economic growth, which to many economists is a key factor of economic development and economic growth. In order to summarize the results of research, revealing the impact of foreign direct investment in economic growth in the convergence point, conceptual study examined the significance of the recent national economy, the distinction between positive and negative aspects of disclosure of foreign direct investment in physical and human capitals and new technologies on economic growth. The study found that, however, most empirical studies show a positive increase of foreign direct investment (FDI) on economic growth rates than the negative. Adverse effects may occur that make it possible for foreign companies to pick up and remove the economic rents from the local country's capital, which may lead to the country's economic growth rate slowdown. It may also lead to increasing the country's dependence on foreign government investors, when it’s not always shared the benefits with the country, which accepted the investment and technological dependence on foreign investment in the entity providing it. It was found that the potential losses associated with uneven economic development (for one or more industries or regions gain an unfair influence), loss of control of resources and inefficient use of resources, the profit exit, lack of reinvestment, the country's strategic industries control shift of foreign capital. As the positive aspects of scientists identifies the fact that FDI is a contribution to the country's economic well-being of the construction of new factories, industrial implementation of new technologies, investing in social sectors, development of infrastructure. This is related to advanced technologies, new management practices, takeovers, staff training, physical and human capital in coming. Inter alia, a positive effect on FDI in balance of payments, increasing the country's budget revenues. Summary of foreign direct investment in physical and human capital and new technologies affect economic growth in research, found that investment in GDP as an integral part of a large and statistically significant effect and that the latter influences not only the output per person employed, and most long-term economic growth. Found that countries that are focused on long-term growth, principally by investing in these growth factors, etc. increased spending on research, education, quality upgrading, investment in information and communication technologies and biotechnology. Excluded that to a specific recognition of the importance of FDI in developing economies where globalization process-driven investment world is becoming one of the country's economic integration into the global market indices. The latter is one of the key mechanisms of economic convergence.

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