Foreign Direct Investment – Under the Sign of Profit or Sustainable Development?

Dear Colleagues,

Foreign direct investment (FDI) is a force shaping the world economy. Initially, FDI was considered a panacea for the economic development of developing countries or in transition to the market economy (cash contribution taking in consideration limited domestic financial funds, job creation, promotion of CSR). Now, FDI are viewed with circumspection, considering the negative effects of foreign capital on the host countries (disturbances of the balance of payments, pollution of the environment, tax evasion, and fueling corruption). The impact of FDI on the host countries can be modeled by the quality of the local public institutions, the legal framework, and the force with which legal regulations are applied. Economic growth in developing or transition countries has generated FDI outflows from these countries, and thus, the emergence of new players on the international financial market, such as state-owned multinational enterprises (MNEs), with specific behavior.

At international level, MNEs and other entities with global involvement can support the efforts to promote sustainable development (through various initiatives, such as Sustainable Development Goals and Global Compact Principles) through the use of environmentally-friendly technologies, the promotion of CSR programs, adopting the principles of corporate governance that ensure the respect of the rights of the stakeholders or the dissociation of the inappropriate behavior of the local authorities through divestments.

This Special Issue follows the publication of original papers, review articles, and theoretical and empirical research considering the challenges generated by sustainable development on FDI flows.

Prof. Dr. Gheorghe Zaman
Prof. Dr. Valentina Vasile
Dr. Mirela Panait
Guest Editors

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