The modernization of State as a Condition for Development and Investments' Attraction

Abstract

It is generally accepted that private productive in vestments constitute a valuable reinforcement for every economy and especially for the economies of small countries, countries which suffer from public burdens (loans etc) to third parties and countries that lack flexible administrative system (in central, regional and local level). The reinforcement is probably of great importance, if the available capitals come from abroad, irrespectively of the Investors' citizenship.