Direct Foreign Investment and the Evolution of Markets in Central and Eastern Europe
Chapter 15 in Privatization, Corporate Governance and the Emergence of Markets, 2000, pp 237-248 from Palgrave Macmillan
Abstract The essence of systemic transformation in Central and Eastern Europe is the replacement of coordination by central plan with coordination via markets, as reflected in the title of the 1996 World Development Report. The same study suggests that foreign investors have an important role to play in the transition process through their contribution to enterprise restructuring and through their transfer of capital and know-how (World Bank, 1996a). Yet foreign investors’ impact on the development of markets has not been analysed systematically.
Keywords: Foreign Direct Investment; Corporate Governance; Transaction Cost; Production Network; Business Network (search for similar items in EconPapers)
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