Generolo Jono Žemaičio Lietuvos karo akademija

Sustainable development of country economy is being driven by various factors. Economy of each country is comprised of economic sectors. External and internal development drivers differently affect different economic sectors, as a rule. Since economic sectors are not homogeneous, their expanding or contracting depends on behavior of concrete market players; i.e. business companies. The paper aims to reveal factors affecting patterns of development exporting companies attributed to industrial sector and its sub-sectors of Lithuanian economy. Methodology of the investigation is based on development of theoretically grounded questionnaire, targeting revealing factors impacting international competitiveness of industrial companies. Impact of factors, attributed to external business environment, and role of factors attributed to internal development forces are to be indicated. Obtained results, is expected, and would allow to foresee trends and main drivers of further development of exporting Lithuanian industrial sectors.

It is scientifically proved that foreign direct investments (FDI) are one of the life-forces for economic growth. Foreign investors use local labour, capital, and natural resources that are constantly running out and limited. However, global companies that translocate their production process often devastate the nature of the host country. Decline of natural resources and climate changes forces to think about how people could develop country’s economy and social welfare, but at the same time save nature and its resources. Global companies are the main developers of economy and social welfare, but also, they are environment polluters. The value of sustainable development is quite obvious, but there is a lack of research about the relationship between FDI and sustainable development in the literature. The literature separately analyses the problem of sustainable development or FDI impact on economic development. Often, FDI is described by determining the effects, but it does not address the question of expedient foreign capital, which would provide the greatest benefit to the host country. The article analyses the influence of foreign direct investments (FDI) on sustainable development. It develops the concept of sustainable investment. It aims to find out whether the purposively formed foreign direct investment policy can ensure the sustainability of economic development. In this case, FDI can become an instrument for the implementation of sustainable development. This study is about Ireland case. The choice is not coincidental. Since this country applied FDI policy, it was able to transform the economy rapidly, and also it became one of the most developed countries in Europe. The authors of the research chose ten economic, social, and environmental factors that define sustainable growth. The analysis revealed the contact between the indicators of FDI and sustainable growth in different periods of the economic cycle.