CEU eTD Collection (2014); Sapic, Jelena: Evolution of the Economic Order in the Western Balkans: Foreign direct investment as the engine of (under)development

CEU Electronic Theses and Dissertations, 2014
Author Sapic, Jelena
Title Evolution of the Economic Order in the Western Balkans: Foreign direct investment as the engine of (under)development
Summary This thesis aims to explore the evolution of the economic order in the Western Balkans in period from 2000 to 2013. It does so by looking closer at foreign direct investment (FDI) from a non-econometric and non-positivist perspective. Furthermore, this thesis examines the interplay between political, legal, and economic forces in shaping an economic order. In particular, I argue that actors’ practices created the notion of FDI as an ultimate panacea for the economic underdevelopment promoting FDI as the only viable solution to the economic underdevelopment. During the time FDI spilled over from the economic to the political sphere turning into an obstacle to economic reforms. By assessing FDI rationalities in these ways, the thesis will disclose paradox of the regional approach to the FDI – by attempting to catch up, the Western Balkans found itself in a deadlock of (under)development. It aims to make a starting point in bringing the Western Balkans transformation in growing literature on outcomes of the economic transformation as well as to provide viable alternatives to FDI-led model of development.
Supervisor Kratochwil, Friedrich
Department International Relations MA
Full texthttps://www.etd.ceu.edu/2014/sapic_jelena.pdf

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