THE IMPORTANCE OF TRANSNATIONAL COMPANIES AND CAPITAL FLOWS FOR DEVELOPMENT OF NATIONAL ECONOMIES

Master studij, Fakultet poslovne ekonomije Bijeljina, Bijeljina, Republika Srpska, Bosna i Hercegovina
Bosnia and Herzegovina

Univerzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije Bijeljina, Bijeljina, Republika Srpska, Bosna i Hercegovina
Bosnia and Herzegovina


Abstract

Foreign direct investments as a form of capital movement are one of the basic ways for developing a national economy in most countries that do not have a large amount of resources, sufficient technical and technological development and a modern economy. The main and largest bearers of foreign direct investment are transnational companies. On the one hand, transnational companies (TNC) through foreign investments enable expansion of their own production capacities and spreading to the new markets, while, on the other hand, the national economy of the host country experiences both positive and negative effects. The paper presents theoretical fundaments related to the TNC and the international movement of capital, but also analyses their significance for national economies in the global environment of contemporary international business. The empirical part of the paper presents data related to these thematic areas in BiH and, based on their perception and analysis, presents recommendations related to economic policies. Also, the paper looks at the process of transition and reforms in BiH and in this regard it deals with the role of the European Union in the process of development of the national economy of BiH.

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