Foreign Direct Investments Distribution and Corporate Governance in Armenia.pdf

1、The purpose of this thesis is to analyze the influence of Foreign Direct Investments(FDI)on Armenian economy.As a small open economy,lacking significant natural resources and domestic production,Armenia is largely depend

2、ent on foreign capital as an important factor fostering economic growth.The effects of FDI for recipient states range from increase of productivity,introduction of new business processes and development of business know-

3、how,transfer of technologies and emergence of international economic relations.In this regard,one of the most important objectives of transitional economies is establishment and successful functioning of operational priv

4、ate sector with corporate relations and corporate governance forming the core basis of the private sector.The existence of influential and highly organized Diaspora is a crucial factor for investment attraction in Armeni

5、a.Nevertheless,studies show that the country does not fully utilize the potential of Diaspora engagement in gross investment projects.This study is aimed at developing approaches,which define the possibilities,directions

6、 and mechanisms of increasing the role of FDI and development of corporate governance by means of increasing the representation of foreign capital and ensuring the necessary conditions for the positive external effects o

7、f investments.The study is based upon the research conducted by foreign and Armenian scholars and other empirical data available,including legislative acts of the Republic of Armenia(RA)and other countries,official stati

8、stical publications of RA and Central Bank of Armenia,as well as databases of international organizations like the World Bank(WB),European Bank for Reconstruction and Development(EBRD),International Financial Corporation