Место издания:Institute of International Politics and Economics Belgrade, Serbia
Первая страница:165
Последняя страница:179
Аннотация:The growth and modernization of the economy of CEE EU members is principally based on large-scale foreign direct investment (FDI) inflow. These investments have influenced positively on economic development. They provided the acceleration of economic growth, improved economic structure and gave it a new competitive qualities, increased access to international markets, served as a resource for improving the balance of payments and helped to accept modern technology, knowledge and management. However, the deep penetration of foreign capital has made the economy of CEE countries strongly dependent on external conditions and decisions of foreign investors, exposing it to serious risks. This reliance on modernization effect of FDI hasn't provided an access to advanced technological position. In the future, lack of proper attention to the development of own sphere of research and development can preserve or even increase the technological gap and the difference in the overall level of development between new EU member states and the countries with innovative economies.