FDI in Romania Matures
FDI in Romania Matures

Summary/Abstract: Foreign direct investment (FDI) in Romania (and possibly elsewhere) is like wine: it has to mature to make a better impression. Not all wine bottles are collection items; also, not all FDIs make the same impact. This article suggests that a critical mass of FDI has been reached on a sector-by-sector case; and that FDI represents a major channel of technology transfer contributing to overall economic development. Whether or not it also contributes to the development of local capital firms – this is a distinct question, not to be tackled here (a working hypothesis could be that positive spillovers on local firms also occur on a sector-by-sector case).

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