The Impact of the Country Risk on the Localization of the Investments in Central and East Europe
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Country risk is a current issue, an increasingly important matter for participants in the global economic and financial circuit. Although this concept originally emerged in connection with international lending, today it can no longer be ignored in the sphere of foreign investment. Country risk, seen from the perspective of investors, is an interesting and, at the same time, very impressive problem. Its assessment is a fundamental step in making internationalization decisions. The rating of specialized agencies plays an important role in decision-making by participants in capital market transactions. With the significant development of foreign direct investment flows, country risk is an element that economic agents take into account when questioning the internationalization or expansion of their businesses. Country risk is, in the case of Romania, an important factor in attracting foreign direct investment and hence increased attention should be paid to it. In this paper, the issue of risk is dealt within two perspectives. First, it proposes to understand the multiple conceptual approaches and the evaluation process, and second it studies its applicability in the institutional sphere.
Abstract
Country risk is a current issue, an increasingly important matter for participants in the global economic and financial circuit. Although this concept originally emerged in connection with international lending, today it can no longer be ignored in the sphere of foreign investment. Country risk, seen from the perspective of investors, is an interesting and, at the same time, very impressive problem. Its assessment is a fundamental step in making internationalization decisions. The rating of specialized agencies plays an important role in decision-making by participants in capital market transactions. With the significant development of foreign direct investment flows, country risk is an element that economic agents take into account when questioning the internationalization or expansion of their businesses. Country risk is, in the case of Romania, an important factor in attracting foreign direct investment and hence increased attention should be paid to it. In this paper, the issue of risk is dealt within two perspectives. First, it proposes to understand the multiple conceptual approaches and the evaluation process, and second it studies its applicability in the institutional sphere.
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