Foreign Investment in Estonia

Philip Hanson

Chapter 11 in Foreign Investment and Privatization in Eastern Europe, 1993, pp 256-272 from Palgrave Macmillan

Abstract: Abstract ‘Generally speaking, F[oreign] D[irect] I[nvestment] continues to follow natural resources — where these are abundant — and progress in transition.’ Thus the authors of the European Bank for Reconstruction and Development (EBRD)’s Transition Report 1997 (p. 125) comment on FDI flows to ex-communist countries. Estonia has little in the way of natural resources. Moreover, the country’s economic circumstances, when communist rule collapsed and it regained its independence, were unfavourable in the extreme. By Central European standards, however, it has been extremely successful in attracting foreign investment. This has been attributable largely to its ‘success in transition’.

Keywords: Foreign Direct Investment; Foreign Investment; European Monetary Union; Current Account Deficit; Foreign Direct Investment Inflow (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22648-1_11

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DOI: 10.1007/978-1-349-22648-1_11

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