Теоретичні та прикладні
питання економіки. Збірник наукових праць. Випуск 1/2 (40/41)
JEL F21, F52
ORCID 0000-0002-9298-0514
DOI https://doi.org/10.17721/tppe.2020.41.3
Markevych K. L.,
External PhD student
National
Institute for Strategic Studies
FDI REGULATION IN THE NATIONAL SECURITY CONTEXT:
INTERNATIONAL EXPERIENCE AND CONCLUSIONS FOR UKRAINE
The article examines the current trends of
international foreign direct investment (FDI) flows, in particular, the factors
influencing their "functioning" in the world have been determined.
The results of the analysis have made it possible to conclude that the FDI
flows` downward trends are related to a number of exogenous factors. The main
interests of foreign investors and their "conflict" with the economic
interests of the recipient country have been identified. Due to the increased
role of TNCs (major FDI exporters) and their impact on the host economy, the
FDI specifics from the protecting national economic interests (NEIs) point of
view in the countries of the world have been identified.
World economic practice proves that investor activity
is not limited to positive influence and can slow down economic growth or
encroach on economic sovereignty. It is proved that ensuring national security
in conditions of openness to FDI can occur under two scenarios: (1) the system
must be built in the context of FDI positive result maximization and negative
effects minimization/prevention; (2) the introduction of a "defensive
position" concerning FDI is negative for the host economy, as such
investments bring new knowledge, technologies, methods of business process
organization and contribute to the qualitative change of industrial and human
capital.
Based on the analysis of investment policy current
trends in the world and the need to realize NEI, steps of FDI flow regulation
in Ukraine have been proposed. For Ukraine, attracting FDI remains one of the
main priorities of NEI's and the objective of the investment policy. At the
same time, a system of preventive measures regarding FDI destructive effects
while simultaneously observing NEI has been proposed.
Keywords: foreign direct investment (FDI), FDI policy, national
economic interests (NEI), national security.
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