Comparative advantages in attracting investments - contemporary view

Knowledge of the comparative advantages of territorial units and their proper use to attract investments is important for the development of all countries. The specific comparative advantages that underpin investment attraction policies need to be clearly articulated and communicated. Integrated policies at the territorial unit level can be used as a tool in the effort to overcome the territorial and sectoral imbalance of investment activity and socio-economic development. The focus of the study is on the comparative advantages in attracting investments and their recognition by municipal administrations in Bulgaria. Specific recommendations are proposed to improve the balance of investments and the mechanisms for their management