Reform of investment policy in the function of sustainable development with special emphasis on investment in information technologies

Global economy still records a decline in FDI. The main causes are increased economic instability and geopolitical risks. Given the continued negative trend, it is clear that it is necessary to reform the investment policies at the national, regional, bilateral, multilateral and international level,...

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Bibliographic Details
Main Authors: Dragičević-Radičević Tatjana, Stanojević Ljiljana
Format: Article
Language:English
Published: University Dzon Nezbit 2017-01-01
Series:Megatrend Revija
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2017/1820-31591703258D.pdf
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Summary:Global economy still records a decline in FDI. The main causes are increased economic instability and geopolitical risks. Given the continued negative trend, it is clear that it is necessary to reform the investment policies at the national, regional, bilateral, multilateral and international level, to ensure sustainable economic development. Key elements of the reforms are: to provide instruments to reduce risks, create mechanisms of responsible investment, improve the structural coherence and promote regional investments. Refer to the current dates of the sectors investments (according to the report of UNCTAD from 2015th) shows that the services sector recorded double growth compared to the investment in the manufacturing sector in 2012. Also, if we take into consideration the fact that investment in IT sector investment involves three aspects: transactional (minimizing costs), strategic (innovation technologies, achieving competitiveness) and information (improving access to information and communications), it may be assumed that the reforms in the investment policies should be directly correlated with investments in information technology.
ISSN:1820-3159