The Universal Model of theories determining FDI revisited

The paper refers to 'a theoretical model' created by Bitzenis (2003), named Universal Model, that incorporates most of the Foreign Direct Investment (FDI) theories. What derives from the literature review is the comprehension of the relativity of each theory; there is no FDI theory that dominates the decision-making process of multinationals (MNEs) regarding FDI. Economists, MNEs and entrepreneurs may have a decisive interest in countries that open their economies aimed at attracting significant FDI inflows as a final goal. The investment opportunities appeared in various countries differ from time to time even in the same country diachronically.FDI theories; foreign direct investment; Aristidis Bitzenis; multinational enterprises; MNEs; transition economies; planned economies; Bulgaria; theoretical models; Universal Model; decision-making processes; economists; entrepreneurs; FDI inflows; investment opportunities; OLI; ownership location internalisation; government incentives; FDI determinants; globalisation; trade barriers; global markets.