Pros and cons of foreign direct investments on local economy: A case-study on the Cluj County

Authors

  • Marius Cristea North-West Development Agency
  • Stefana A.D. Varvari Babes-Bolyai University
  • József Benedek Babes-Bolyai University

Keywords:

foreign direct investments, FDI determinants, FDI inflows

Abstract

Foreign direct investments represent an essential factor of economic development and growth at all levels: national, regional and local (county or municipality/city/commune). These investments can have both positive and negative impact on the local development depending mostly on the type of FDI taking into consideration the attraction factors for specific foreign investors. The authors try to underline these aspects by analyzing the FDI in Cluj county and taking as a case study the NOKIA investment in Cluj and presenting the benefits and also the problems it created for the local community.

Author Biographies

Marius Cristea, North-West Development Agency

PhD student, North-West Development Agency, Cluj

Stefana A.D. Varvari, Babes-Bolyai University

Assistant Lecturer, Babes-Bolyai University, Faculty of Economics, Cluj

József Benedek, Babes-Bolyai University

Professor, Babeş-Bolyai University, Faculty of Geography, Hungarian Institute of Geography, Cluj

References

Copenhagen economics & Blomstrom, M (2008): Study on FDI and regional development, Final report

Dunning, J.H. / Lundan, S.M. (1993/2008 2nd edition): Multinational Enterprises and the Global Economy, Wokingham: Addison-Wesley / Edward Elgar Publishing, Incorporated,

International Monetary Fund (2011): Balance of Payments and International Investment Position Manual (sixth edition)

National Bank of Romania, Foreign Direct Investments in Romania, 2004-2010 – [www.bnro.ro], last viewed on 11/4/2012

National Institute of Statistics of Romania, TEMPO database– [www.insse.ro], last viewed on 11/4/2012

National Office of Trade Register, Statistics – Firms with Foreign Capital Participation, 2002-2012 – [www.onrc.ro], last viewed on 11/4/2012

Organization for Economic Cooperation and Development (2008):, OECD Benchmark Definition of Foreign Direct Investment (fourth edition)

Pavlinek, P. (2004): Regional Development Implications of Foreign Direct Investment in Central Europe, European Urban and Regional Studies Vol.11, No. 1

Romania Trade &Invest – [http://www.romtradeinvest.ro], last viewed on 11/4/2012

UNCTAD database and World Investment Report 2012 – [www.unctad.org], last viewed on 11/4/2012

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Published

2012-12-15

How to Cite

Cristea, M., Varvari, S. A., & Benedek, J. (2012). Pros and cons of foreign direct investments on local economy: A case-study on the Cluj County . Strategic Issues of Northern Hungary, 9(02), 20–34. Retrieved from https://ojs.uni-miskolc.hu/index.php/stratfuz/article/view/3049

Issue

Vol. 9 No. 02 (2012): Vol. 9. Nr. 02. (2012)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.