IMPACT OF FOREIGN DIRECT INVESTMENTS ON DEVELOPMENT
OF INTEGRAL INNOVATION MANAGEMENT
Zoran Subotić
Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu, Cvećarska 2, 21 000 Novi Sad, Srbija
DOI: https://doi.org/10.31410/limen.2018.1
4th International Scientific – Business Conference LIMEN 2018 – Leadership & Management: Integrated Politics of Research and Innovations, Belgrade – Serbia, December 13, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Engineering Management – Belgrade, Serbia; Modern Business School – Belgrade, Serbia; Faculty of Business and Management Sciences – Novo Mesto, Slovenia; Faculty of Business Management and Informatics – Novo Mesto, Slovenia; Business Academy Smilevski – BAS, Skopje, Macedonia; BAS Institute of Management, Bitola, Macedonia, ISBN 978-86-80194-15-8
Abstract
The scope of the paper is to present the results of research related to the impact of
foreign direct investments on the development of innovation capacities. The main premise of
the work is that one segment of macroeconomic growth is linked to innovation efforts. A serious
limitation of competitiveness in the Western Balkan countries are underdeveloped institutional
and physical infrastructure, as well as a limited potential for innovation. Through direct foreign
investment, it is possible to develop an integral innovation-oriented management system.
Keywords:
foreign direct investment, integral management system, innovation, innovation
policy.
References
[1] Vidas-Bubanja, M. (1998). Metode i determinante stranih direktnih investicija, Institut
ekonomskih nauka, Beograd, pp. 7.
[2] Kovač, O., (2002). Međunarodne finansije, Ekonomski fakultet, Beograd, pp. 280.
[3] Mankiw, G. (2017). Principles of Economics, South-Western College Pub, pp. 560.
[4] Egen, J., W., P. (2017). Globalizing Innovation: State Institutions and Foreign Direct
Investment in Emerging Economies, The MIT Press, pp.216.
[5] Mankiw, G. (2017). Macroeconomics, ninth edition Worth Publisher, pp. 258.
[6] Beats, W. (2004). Knowledge Management and Management Learning: Extending the
Horizons of Knowledge-Based Management, Springer pp. 10.
[7] Schermerhorn, R., J. (2012). Exploring Management, John Wiley & Sons, pp. 47.
[8] Sroufe, Robert (July 2017). “Integration and Organizational Change Towards
Sustainability”. Journal of Cleaner Production. 162: 315–329
[9] Merce Bernardo, Katerina Gotzamani, Fotis Vouzas & Marti Casadesus (2016): A
qualitative study on integrated management systems in a nonleading country in
certifications, Total Quality Management & Business Excellence
[10] OECD (2018), FDI flows (indicator). doi: 10.1787/99f6e393-en (Accessed on 02
November 2018)
[11] James, E., McLoughlin, K., Rankin, E (2014). Cross-border Capital Flows since the
Global Financial Crisis in RBA Bulletin, pp. 66.
[12] RAS (2018) EY: Srbija po broju stranih direktnih investicija u top 15 u Evropi, (Accessed
on 05 November 2018)
[13] Privredna komora Srbije i Narodna banka Srbije – izveštaji.
