A Review of Blue Economy for Potential Growth of Foreign Direct Investment in Albania

Abstract

This study investigates the potential impact of Blue Economy on attracting foreign direct investment (FDI). The analysis of the
concept in terms of foreign investment is an additional contribution to the previous studies in this field. What we suggest is the
development of crosscutting strategies in the development of the coastal economy, especially for developing countries such as
Albania, as it would be a good opportunity for attracting foreign investment. Developing such a strategy supports the development
of existing sectors, as well as the promotion of investment and innovation in the growth of new domains. Therefore there is a need
to examine the necessary mechanisms for encouraging foreign investment in this sector (Blue Economy). The methodology of
this paper is based on existing knowledge, observations and theoretical framework on Blue Economy