прямые иностранные инвестиции
Political Risk as a Factor of Foreign Direct Investment into Transition Economies |
Foreign Direct Investment (FDI) is one of the most important resources of developing countries’ economic modernization. According to international investors, political risk is one of the major deterrents to investment in emerging markets. Opinions about the significance of this influence are different depending on the considered period. The latest crisis could make adjustments in the investment policy. Nevertheless, some developing countries show a very significant amount of FDI attracted. This paper tries to answer the question: is there a dependence of the FDI inflow on the level of political risk in developing countries? And what kinds of political risk are most significant for foreign investors? Methods. On the basis of integral indicators of political risk in 149 countries from 2002 to 2010, authors have built the various econometric models in order to verify statistically the relation between political risk and FDI to developing economies. Results. According to the best of the created models, the most significant components of political risk for foreign investors are political stability, quality of government regulation, and government effectiveness. |
Izv. Sarat. Univ. Economics. Management. Law, 2013, vol. 13, iss. 4(1) |
The Influence of Globalization on Performance of Capital Market |
Introduction. The functionality of national market capital in globalization determines not only by processes runing in national economy system, but by the international range of capital and development of multinational corporation. Transnationalization of modern economy leads to dysfunction of capital market, that actualize the reseach of influence on globalization in operating capital market. Theoretical analysis. In this article considered the estimation approach of evaluation impact on globalization in national economy development, that allows to determine the presence of transfer globalization mechanism impulse on capital market function. National economy transnationalisation in absense of worked through investment strategy gives the disfunction of capital market shown up in investment abnormality in national economy. Results. Globalisation differently affects the capital market of countries. The effect of disparity in development of capital market with recovering economy under globalisation impact is detected. Straight foreign investments in economy of this countries doesn’t bring tangible benefits to investors, however in surplus of capital conditions it raise profitability of settable capital. The result of investment flow globalisation appears in country recipient dependence from donor country. The effect of disparity should be taken into consideration in investment programme development of national economy. |
IZVESTIYA OF SARATOV UNIVERSITY. NEW SERIES. SERIES: ECONOMICS. MANAGEMENT. LAW. 2017. Т. 17, вып. 2 |