EU enlargement and consequences for FDI assisted industrial development

Narula, Rajneesh and Bellak, Christian (2008). EU enlargement and consequences for FDI assisted industrial development. UNU-MERIT.

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UNU-MERIT Working Papers

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  • Author Narula, Rajneesh
    Bellak, Christian
    Title EU enlargement and consequences for FDI assisted industrial development
    Publication Date 2008
    Publisher UNU-MERIT
    Abstract Many of the new member states as well as candidate and accession countries of the EU are confident that membership will result in substantially increased inward foreign direct investment (FDI) in manufacturing. This paper discusses the policy issues and challenges that cohesion and accession countries face, applying lessons that by now have become mainstream in the parallel discussion of FDI-assisted development in the developing economies. We argue that globalisation has attenuated the benefits that accrue from EU membership for latecomers, and they must now compete for FDI not just with other European countries but also with non-EU emerging economies. We posit that they should not base their industrial development strategy on mere passive reliance of FDI flows without considering how to concatenate their industrial development and the nature of the MNE activities they attract.
    Keyword FDI
    EU
    Multinationals
    Absorptive capacity
    Globalization
    Development
    Enlargement
    JEL F02
    F23
    O14
    O19
    Copyright Holder UNU-MERIT
    Copyright Year 2008
    ISSN 1871-9872
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    Created: Wed, 11 Dec 2013, 16:23:49 JST