Foreign direct investment impact on environment in Serbia in the period 2000-2008
Foreign direct investment (FDI) is currently the largest source of capital reaching developing countries and a stimulant to economic growth. Although FDI benefits the economy of the “host” country, its impact on the environment can vary from pure exploitation of slack environmental regulati...
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| Format: | Article |
| Language: | English |
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Institute of Architecture, Urban & Spatial Planning of Serbia
2011-01-01
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| Series: | Spatium |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1450-569X/2011/1450-569X1124063S.pdf |
| Summary: | Foreign direct investment (FDI) is currently the largest source of capital
reaching developing countries and a stimulant to economic growth. Although
FDI benefits the economy of the “host” country, its impact on the environment
can vary from pure exploitation of slack environmental regulations and the
creation of “pollution havens”, environmental political “chilling” effect, to
the transfer of new clean technologies and the formation of “pollution
haloes”. This paper focuses on FDI environmental impact in Serbia, in the
period from the opening of the borders to foreign capital in 2000 until 2008,
when the FDI in Serbia drastically decreased. The FDI growth of 65 times in
the period of five years emphasizes the relevance of this analysis, if
sustainable development is to be achieved. This paper envisages FDI impact
and visible actual tendencies on Serbian environment, and defines to which of
the theoretical concepts it could be arranged. The paper explores whether FDI
influence in Serbia resulted in a dominant transfer of pollution intensive
industries or a transfer of environmentally friendly technology and know-how,
in reducing or improving environmental regulations in Serbia. |
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| ISSN: | 1450-569X 2217-8066 |