The Financial Dutch disease and Commercialization impact of the basic knowledge in Turkey & CEE on the FDI inflow rate
0
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
The CEE Joined the EU is rather than being a failure to growth due to FDI in-flows, it seems to difficult to cope with the rapid economic changes of the society. This relatively became turning a point of the investment into inflow to a similar emerging area around like Turkey, the reasons that have developed let the technology commercialization and innovation in these areas focus further. In Turkey, also it wanted to take these effects according to join the EU, the impact has been greater. However, since the financial crisis, people have reduced in the interest of the EU joining, But FDI gives to Turkey the greater expectations of economic growth. With a reduction of FDI in 2012, it is a difficult situation as the role of the knowledge industry in neibouring countries. In addition, Eastern Europe was rising only expectations and what made up the closest substitutes in the midst of non-member countries was Turkey, who has led to substantial growth and recovery. If FDI in-flow was less than 4% of GDP as the case of Russia's economic growth, it has been increasing stably. Because 7~50% of GDP in FDI flows to the small countries like Hungary, there were difficult to cope with the tough economy like inflation, unemployment and unbalanced energy budget by the financial Dutch disease. As results, it makes a weaken of the base knowledge and innovation what were factors slowing down in order to focus on developing their own basic knowledge industries domestically like Korea IT policy. This is to prove indirectly that Turkey & Eastern Europe has played an important role within the knowledge framework of the European like EUREKA. They're however, were very low compared to the advanced countries in the EU and a lack of commercial focus against the rapid outflow of FDI.
Abstract
The CEE Joined the EU is rather than being a failure to growth due to FDI in-flows, it seems to difficult to cope with the rapid economic changes of the society. This relatively became turning a point of the investment into inflow to a similar emerging area around like Turkey, the reasons that have developed let the technology commercialization and innovation in these areas focus further. In Turkey, also it wanted to take these effects according to join the EU, the impact has been greater. However, since the financial crisis, people have reduced in the interest of the EU joining, But FDI gives to Turkey the greater expectations of economic growth. With a reduction of FDI in 2012, it is a difficult situation as the role of the knowledge industry in neibouring countries. In addition, Eastern Europe was rising only expectations and what made up the closest substitutes in the midst of non-member countries was Turkey, who has led to substantial growth and recovery. If FDI in-flow was less than 4% of GDP as the case of Russia's economic growth, it has been increasing stably. Because 7~50% of GDP in FDI flows to the small countries like Hungary, there were difficult to cope with the tough economy like inflation, unemployment and unbalanced energy budget by the financial Dutch disease. As results, it makes a weaken of the base knowledge and innovation what were factors slowing down in order to focus on developing their own basic knowledge industries domestically like Korea IT policy. This is to prove indirectly that Turkey & Eastern Europe has played an important role within the knowledge framework of the European like EUREKA. They're however, were very low compared to the advanced countries in the EU and a lack of commercial focus against the rapid outflow of FDI.
참고문헌 (15)
- Who needs credit and whogets credit in Eastern Europe?, "Brown, M.", European Central Bank, ~ (2012)
- Hungary : The Janus-faced Success Story, "Csaba, L.", UNU World Institute for Development Economics Research (UNU-WIDER), ~, pp.Research Paper 13 (2009)
- Damijana, J., "Trade liberalisation and economic geography in CEE countries : the role of FDI in the adjustment pattern of regional wages", Post-Communist Economies, 23(2), pp.163~189 (2011)
- Iacovoiu, V., "The Role of the Foreign Direct Investments in the Knowledge Society", The Case of CEE Economies, Seria Stiinte Economice, 2, pp.55~62 (2008)
- ILO, "Global Employment Trends for Youth 2013: A generation at risk" (2013), International Labour Office
- Lartey, Emmanuel K. K., "Financial Openness and the Dutch Disease", Review of Development Economics, 15(3), pp.556~568 (2011)
- Ministry for National Economy, "New Széchenyi Plan", ~ (2011)
- Pálosi-Németh, B., "A feltörekvő országok tőkepiacai a pénzügyi globalizációban (Capital Markets of Emerging Economies in Financial Globalization)" (2008), Akadémiai Kiadó
- Saborowski, C., "Can financial development cure the Dutch disease?", International Journal of Finance & Economics, 16(3), pp.218~236 (2011)
- 서대성, "지중해권역의 기술혁신성과를 위한 EU와 터키의 협력역할 분석", 한국중동학회논총, 34(1), pp.101~123 (2013), 한국중동학회
- Stephan, J., "Knowledge transfer to MNE subsidiaries based in CEE- Integrating knowledge-based and organisational perspectives", Journal of Economics and Business, 8(1), pp.11~18 (2005)
- Temiz, D., "Foreign direct investment(FDI)and export relation in Turkey : The period of 1991–2010", Journal of Transnational Management, 16(4), pp.157~180 (2011)
- Temiz, D., "FDI inflow as an international business operation by MNCs and economic growth : An empirical study on Turkey", International Business Review, 23(1), pp.145~154 (2014)
- Broz, T., "The Dutch Disease in unwonted Places-why has Croatia been infected while slovenia remains in good health?", South-Eastern Europe Journal of Economics, 1, pp.47~66 (2011)
- "EU's expansion to the East: Complete disaster" (2013)[URL]