General elements of the international investments
15/2006 , p219..223
Author(s):
Claudiu BURDUJA
Keywords:
law, international investments, Romania, Code of liberation of capital transfers
Abstract:
Especially for the last three decades the international investments, an important and very dynamic component of international economical waves, had a great impact over the economical growth, the international commerce and the productive structures from the countries all over the world. The end of this millennium is marked, among others, by the globalization process which probably constitutes one of the most important economical processes with all the implied traps in the social-economical area. The independence more and more emphasized among national economies is the essential element of this process. Unlike the investment, in general, which represents the expenses made for obtaining the capital expenditure, the foreign investment incorporates a foreign element – the foreign currency, the place where the sold goods are situated in a foreign country, the contractors belonging to different countries. Thus, regarding the internal economical plan of mechanisms and market economy principles, the foreign investments constitute real transfer vectors, contributing in this way to the break down of the monopolist structures which block the internal reform processes. More and more in international practice it was shown the necessity of forming a foreign investment law. This new preoccupation appeared due to the fact that the law lies in the phase of consolidation in this field. The resolutions of the international organizations played a very special role, as it is shown by the longevity of the tools like: the Code of liberation of capital transfers to OCDE and the World Bank guiding principles regarding the international investments regime.
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