FDI are extremely important for a successful process of transfer of
modern technology in the EU Transition countries and Croatia due to the
relatively undeveloped scientific research infrastructure and lack of budgetary
resources to finance investments in R&D. It can therefore be concluded that the
need for FDI as well as the process of transfer of modern technology in the EU
Transition countries and Croatia still exists, considering that these countries are
still relatively low compared to the technological level of the developed EU
Member States.
The impact and strengthening of the government institutions and the
private sector is extremely important not only to improve the competitiveness and
economic growth in EU Transition countries and Croatia, but also to encourage
and facilitate the process of international transfer of modern technology