The Role of Foreign Direct Investor Policies in Creating a Knowledge – Based Economy  in the New Member States of the European Union

Janina Witkowska

doi:10.18778/1508-2008.11.13

Authors

Janina Witkowska

DOI:

https://doi.org/10.18778/1508-2008.11.13

Abstract

The objective of this paper is analysis and assessment of policies applied to foreign investors in the new member states of the European Union (EU) in the context of challenges ushered in by the creation of a knowledge–based economy. Foreign direct investments are considered an important factor accelerating economic modernization by these countries. European Union membership has increased the investment attractiveness of the new member states. However, the new members generally continue to occupy a humble position among the expanded European Union (EU–25) as countries accepting foreign capital in the form of foreign direct investment. All of them offer a rich set of incentives for investors, including foreign investors. Significant portions of the financial and fiscal incentives are aimed at supporting knowledge investment in their broad sense

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