Article

 

THE COURSE OF FOREIGN DIRECT INVESTMENT IN THE GREEK ECONOMY (p.11-32)

by

Antonios ZAIRIS, NEW YORK COLLEGE

Keywords : Foreign Direct Investment, Greece, External Finance

JEL classification : F21, F43, F63, G18

Abstract

FDI is considered an important element of economic globalization that enchases efficiency, growth and leads to technological improvement. The purpose of the present paper is to provide an overview on the issue of FDI in Greece. Results showed that despite the country's efforts, foreign investment has not yet reached its potential. Greece did not exploit the opportunities that were presented, and is still struggling to attract foreign investors. FDI inflows were focused on services and derived from the traditional European exporting countries. In relation to the Ease of Doing Business Report, it appears that inflows were not affected by Greece's rank.