No. 82: Foreign Direct Investment

Author(s): Hasmik Hovhanesian, Heghine Manasyan, Hannes Meissner, Johannes Leitner, Irina Guruli
Editor(s): Philippe Rudaz (Special Editor), Tamara Brunner, Lili Di Puppo, Iris Kempe, Natia Mestvirishvili, Matthias Neumann, Robert Orttung, Jeronim Perović, Heiko Pleines
Series: Caucasus Analytical Digest (CAD)
Issue: 82
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen; Institute for European, Russian and Eurasian Studies, George Washington University
Publication Year: 2016

The following authors discuss Foreign Direct Investment (FDI) in the countries of the South Caucasus: Hasmik Hovhanesian and Heghine Manasyan analyze FDI in Armenia, maintaining that while necessary for Armenias’s development FDI in Armenia has not led to tangible outcomes; Hannes Meissner and Johannes Leitner posit that there are massive barriers for international business endeavors in Azerbaijan due to the local clientilistic system; Irina Guruli writes that the impact of FDI on economic growth and employment figures in Georgia has not reached its full potential, due mainly to insufficient institution building and the failure to create a predictable and stable business environment in the country.

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