Abstract
Host countries are evaluated by MNEs on the basis of a broader set of policies than before. The number of policies constituting a favorable investment climate increases, in particular with regard to the creation of location-specific assets sought by MNEs.
The relative importance of FDI determinants changes. Even though traditional determinants and the types of FDI associated with them have not disappeared with globalization, their importance is said to be on the decline. More specifically, “one of the most important traditional FDI determinants, the size of national markets, has decreased in importance. At the same time, cost differences between locations, the quality of infrastructure, the ease of doing business, and the availability of skills have become more important” UNCTAD. (1996a). World investment report 1996. New York: United Nations; UNCTAD. (1996b). Incentives and foreign direct investment. Current studies, series A, no. 30. NewYork: United Nations.
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Vukanović, Z. (2016). An Evolutionary Conceptual and Multidisciplinary Frameworks, Principles, and Criteria for FDI Inflows Determinants. In: Foreign Direct Investment Inflows Into the South East European Media Market. Media Business and Innovation. Springer, Cham. https://doi.org/10.1007/978-3-319-30512-7_6
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