Template-Type: ReDIF-Article 1.0 Author-Name: Marius Cristea Author-Workplace-Name: Észak-Nyugat Fejlesztési Ügynökség Author-Name: Stefana A. D. Varvari Author-Workplace-Name: Babes Bolyai Tudományegyetem Author-Name: József Benedek Author-Workplace-Name: University of Miskolc Title: Pros and cons of foreign direct investments on local economy Abstract: Foreign direct investments represent an essential factor of economic development and growth at all levels: national, regional and local (county or municipality/city/commune). These investments can have both positive and negative impact on the local develop-ment depending mostly on the type of FDI taking into consideration the attraction fac-tors for specific foreign investors. The authors try to underline these aspects by analyzing the FDI in Cluj county and taking as a case study the NOKIA investment in Cluj and presenting the benefits and also the problems it created for the local community. Classification-JEL: R11 Keywords: foreign direct investments, FDI determinants, FDI inflows Pages: 20-34 Number: 2 Volume: 9 Year: 2012 Publication-Status: Published File-URL: http://www.strategiaifuzetek.hu/files/66/stratfuz_2012_2_vege_2.pdf File-Format: application/pdf Handle: RePEc:mic:esfjrn:v:9:y:2012:i:2:p:20-34