EFFECTS AND EVOLUTION OF FOREIGN DIRECT INVESTMENTS ON THE EMERGENT ECONOMIES.

FDIs have also entailed a series of political implications in addition to the economic effects, especially in the context of the accession of Central and Eastern European countries to the European Union. According to the specialists, for a given country intense growth periods are characterized by the attraction of important Hows of foreign direct investments (Lipsey, 2000, page 72). Although Romania has experienced high economic growth rates, it was not supported to the same degree by foreign direct investments. For the countries with developing or in transition economies, these resources can not be provided from the domestic economy, and therefore, these states elaborate their policies to attract foreign investors capable to provide the best possible investment structure. [ABSTRACT FROM AUTHOR]