Abstract
This concluding chapter reflects briefly upon the overarching themes surrounding the economic geography of foreign direct investment (FDI) in former Yugoslavia. In doing so, it examines common issues across the region of study and sets forth some plausible scenarios for FDI over the upcoming decades. Most of the countries in this volume lost at least one decade vis-à-vis other Central and Eastern European (CEE) states due to military conflict followed by various degrees of political and economic isolation. In the wake of the global financial crisis (GFC), they continue to struggle to converge socioeconomically with the core of Europe. Policymakers throughout the region view FDI as a means to help provide necessary capital to overcome this gap. FDI to the former Yugoslavia continues to be affected differentially by recent events, as well as country-specific prospects for EU integration and a shift toward new origins of FDI such as China and Turkey. These developments will continue to shape the landscape, composition, and impact of FDI in the region over the next quarter century.
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Notes
- 1.
World Bank (2019a).
- 2.
Transparency International (2019).
- 3.
As of May 2020. For updated information about EU enlargement, please see https://ec.europa.eu/environment/enlarg/candidates.htm.
- 4.
For more information on the Western Balkans Investment Framework, please see https://wbif.eu/.
Abbreviations
- BiH:
-
Bosnia & Herzegovina
- BRI:
-
Belt and Road Initiative
- CEE:
-
Central and Eastern Europe
- EU:
-
European Union
- FDI:
-
Foreign Direct Investment
- FIPA:
-
Foreign Investment Promotion Agency
- FSRY:
-
Federal Socialist Republic of Yugoslavia
- GDP:
-
Gross Domestic Product
- GFC:
-
Global Financial Crisis
- KFOR:
-
Kosovo Force
- MNE:
-
Multinational Enterprise
- OBOR:
-
One Belt One Road
- OECD:
-
Organization for Economic Cooperation and Development
- OLI:
-
Origins-Location-Internalization
- SAA:
-
Stabilization and Association Agreement
- SFRY:
-
Socialist Federal Republic of Yugoslavia
- SIEPA:
-
Serbian Investment and Export Promotion Agency
- TEN-T:
-
Trans-European Transport Network
- TIDZ:
-
Technological Industrial Development Zone
- UAE:
-
United Arab Emirates
- WB:
-
Western Balkans
- WBIF:
-
Western Balkan Investment Framework
- WIIW:
-
Vienna Institute for International Economic Studies
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Deichmann, J.I. (2021). Conclusions and Prospects for the Next Quarter Century. In: Deichmann, J.I. (eds) Foreign Direct Investment in the Successor States of Yugoslavia. Economic Geography. Springer, Cham. https://doi.org/10.1007/978-3-030-55739-3_9
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