 Internationalization of Estonian Manufacturing Enterprises: Are Foreign Investors Dictating the Rules of the Game?Ele Reiljan Chapter 3 in Multinationals on the Periphery, 2007, pp 48-73 from Palgrave Macmillan Abstract: Abstract Internationalization of Estonian enterprises started at the beginning of the 1990s. Several development plans and strategies that were suggested by Estonian businessmen and politicians at the beginning of 1990s considered Estonia’s role to be a link between East and West, namely between Western European countries and Russia. In reality, Estonia’s role has been to create a linkage between the Nordic countries and Latvia and Lithuania. Therefore, rather than acting as a mediator between two regions with a huge market potential, Estonian firms have limited their activities to meeting the demand of relatively small countries (Sweden, Finland Latvia, and Lithuania). This shift in strategies was mainly caused by the Russian crisis and implementation of double tariffs by Russia. Another reason for the selection of smaller target markets lies in the foreign owners’ strategies — they considered the risk level in the Russian market to be too high and chose to enter the Baltic countries. Keywords: Foreign Direct Investment; Foreign Investor; Foreign Market; Foreign Owner; Export Volume (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59304-6_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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