Evaluating the transnationalisation potential of the economies in the countries of South-Eastern Europe

Eugenia Sozinova; Tetyana Oriekhova

doi:10.18559/ref.2021.1.1

Authors

Eugenia Sozinova Vasyl’ Stus Donetsk National University https://orcid.org/0000-0002-4325-6482
Tetyana Oriekhova Vasyl’ Stus Donetsk National University,

DOI:

https://doi.org/10.18559/ref.2021.1.1

Keywords:

transnationalisation, classification matrix, countries of South-Eastern Europe, rating methodology, integrated indicator

Abstract

The paper presents an integrated indicator of the potential for transnationalisation, which is the average of five standardised variables that characterise the degree of resource potential for internationalisation in the form of transnational development trade, as well as the algorithm of application of these indicators in order to rank countries according to the degree of development and usage of their existing potential. The analysis makes it possible to state that the level of the actual inflow of FDI to Montenegro is higher than the level of its potential for transnationalisation. The evidence of FDI inflows relative to GDP makes it possible to classify Albania as the leader in transnational business. Evidence of FDI inflows to Bosnia and Herzegovina confirms its characteristics of the transnationalisation potential as an “outsider” to transnationalisation. All other studied countries fell into the category of countries with underestimated investment potential in attracting foreign direct investment, i.e. the potential for transnationalisation (domestic).

Downloads

Download data is not yet available.

References

Agh A. The Deconsolidation of Democracy in EastCentral Europe: The New World Order and the EU’s Geopolitical Crisis. Politics in Central Europe. 2016. Vol. 12, No. 3. PP. 7–36
View in Google Scholar

Cabada L. Democracy in East -Central Europe: Consolidated, Semi-Consolidated, Hybrid, Illiberal or Other? Politics in Central Europe. 2017. Vol. 13, No. 2/3. PP. 75–87.
View in Google Scholar

CIA World Factbook. URL: https://www.cia.gov/library/publications/the-world- factbook/Credit Rating. URL: https://tradingeconomics.com/country-list/rating
View in Google Scholar

Europe Countries And Regions; United Nations. URL:https://unstats.un.org/unsd/methodology/m49/
View in Google Scholar

Kaganov, Yu. O. (2005). Tsentralno-Skhidna Yevropa yak istorychnyi rehion: zmist ta evoliutsiia kontseptsii [Central and Eastern Europe as a historical region: the con- tent and evolution of the term]. Naukovi pratsi istorychnoho fakultetu Zaporizkoho derzhavnoho universytetu. Zaporizhzhia: Prosvita, ХІХ, 333–341 p.
View in Google Scholar

Mahda, Ye. V. (2015). Hibrydna zahroza dlia Tsentralno-Skhidnoi Yevropy: «zemli, de mozhna maizhe vse» [The Hybrid threat to Central and Eastern Europe: the lands where pretty much anything is possible]. Visnyk Dnipropetrovskoho universytetu. Seriia «Politolohiia», 5, 109–116 p.
View in Google Scholar

Mahda, Ye. (2017). Kontsept Tsentralno-Skhidnoi Yevropy v koordynatakh hibrydnoi zahrozy [The Concept of Central and Eastern Europe at the hybrid threat coordi- nates]. Visnyk Lvivskoho universytetu. Seriia filos.-politoloh. Studii, 10, 140–145 p.
View in Google Scholar

Piliaiev, I. (2013). Spetsyfika rehionu Tsentralno-Skhidnoi Yevropy v konteksti hlobalnykh tendentsii modernisatsii sotsiumu [The key features of Central and Eastern Europe in the context of global modernisation trends]. Viche. Zhovten, 20, 20–22 p.
View in Google Scholar

The World in Europe, global FDI flows towards Europe Intra-European FDI Applied Research (2018).
View in Google Scholar

World Economic Situation and Prospects 2019. United Nations, 2019. URL: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/WESP 2019_ BOOK-web.pdf
View in Google Scholar

World investment report (2019). URL: https://unctad.org/system/files/official-document/wir2019_en.pdf
View in Google Scholar