THE IMPACT OF DOING BUSINESS IN ATTRACTING FDI IN THE REPUBLIC OF NORTH MACEDONIA AND REPUBLIC OF ALBANIA - A COMPARATIVE ANALYSIS
THE IMPACT OF DOING BUSINESS IN ATTRACTING FDI IN THE REPUBLIC OF NORTH MACEDONIA AND REPUBLIC OF ALBANIA - A COMPARATIVE ANALYSIS

Summary/Abstract: The economies of North Macedonia and Albania have for a long time been in transition. This entire period for both countries has been characterized with an economic and political instability with more obstacles during implementation of domestic reforms and the fulfillment of the required conditions in the EU integration path. The business climate is an important indicator for accelerate economic growth and development for each country. A good business climate enables increase of the domestic investments and attraction of foreign investors. Doing Business is an international project of the World Bank which describes the business environment in various countries, through objective indicators for a business regulations and their enforcement across 190 economies and selected cities at the sub national and regional level. According to the Doing Business report, the economy of North Macedonia is ranked higher compared to Albania (is ranked on 17thpositions versus 82th position of Albania, but in a worse position in relation to FDI attraction. The objective of this research is the impact of new challenges of the Ease of Doing Business in attracting FDI in the Republic of North Macedonia and Albania. Our assumption in this research is whether Ease of Doing Business has a positive impact on attraction of FDI. Using STATA16 software we will try to measure the trend and relationship between FDI inflow and Doing Business indicators. The findings of the research will assist international and domestic managers and companies to know the importance of Ease of Doing Business when investing in North Macedonia and Albania.

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