Economic Integration in Europe and the Pattern of German Foreign Direct Investment

Florence Hubert and Nigel Pain

Chapter 8 in Economic Integration, 2002, pp 135-156 from Palgrave Macmillan

Abstract: Abstract Economic integration in Europe has been accompanied by a rise in foreign direct investment (FDI) within the EU economies. In virtually all member states, real inflows and outflows of direct investment after the mid-1980s reached their highest level since the initial formation of the Common Market, and the proportion of the aggregate stock of world FDI located within EU member states is estimated to have risen from 31 per cent in 1985 to 39 per cent by 1995 (UNCTAD, 1996). This reflects rising levels of investment in the EU by non-EU nationals and EU firms themselves. The surge in cross-border investment largely occurred in the aftermath of the Single European Act of 1986/7, during the gradual implementation of the measures required to complete the internal market.

Keywords: Foreign Direct Investment; Foreign Investment; Direct Investment; Economic Integration; Nominal Exchange Rate (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-62925-7_8

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DOI: 10.1057/9780230629257_8

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