Overview
- Offers a rich glimpse into the changing dynamics of FDI inflows, intra-CEE FDI, government policies and investment promotion after the crisis
- Explores the structural impacts of FDI in post-crisis Central and Eastern Europe
- Relates findings to standard FDI theories such as Porter’s value chain based optimisation and Dunning’s investment development path model
Part of the book series: Studies in Economic Transition (SET)
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Table of contents (11 chapters)
Keywords
About this book
Reviews
“This excellent volume is a well-structured and timely contribution to the literature on foreign direct investment and the post-socialist economies of Central and Eastern Europe. It contributes valuable evidence to support the growing calls to reconsider how FDI and development interact in an interdependent and globalized world. FDI policies need to be more dynamic, and evolve with changing internal and external circumstances.” (Rajneesh Narula, The John H. Dunning Chair in International Business, Professor of International Business and Strategy, Henley Business School, UK)
“The book presents an even-handed view of foreign direct investment (FDI), stressing its positive effects, but also pointing out that attracting FDI should not be seen as a substitute for a vibrant domestic business sector, otherwise dual economic structures emerge, and development becomes unbalanced. It is the aftermath of the global financial crisis that exposed both the risks and the benefits of FDI, and the book does a good job documenting it. It identifies both how FDI-related financial flows changed after the crisis, what was the strategy response of local affiliates, and where foreign ownership played a stabilising role post-crisis, in the banking sector in particular. Importantly, the book also accounts for the recent trend towards the adoption of “national capitalist” policies and identifies the associated risks of the focus on picking the winners instead of creating an environment for national champions to emerge. Ironically, these policies may replace imbalances related to the role of foreign firms with even more serious imbalances created by the focus on state-sponsored entrenched local players. Given the current political trends in Europe and elsewhere, the Central European lessons that are so well documented in this book acquire wider importance.” (Tomasz Mickiewicz, 50th Anniversary Professor in Economics, Aston University, Birmingham, UK)
“This collective volumetakes a fresh look at the role of FDI in globalizing and upgrading the economies of East-Central Europe, the new EU members. Offering critical theoretical perspectives, the authors provide a policy relevant analysis of the post-crisis period. While generally supportive of FDI-led modernization, they also call attention to the dangers of being caught in a low value capture trap, which may be exacerbated if industrial policies are statist and arbitrary. A must read for anyone seriously interested in new trends in foreign direct investment, in academia and policy-making alike.” (László Csaba, Member of the Hungarian Academy of Sciences and of Academia Europaea, London, UK)
Editors and Affiliations
About the editor
Bibliographic Information
Book Title: Foreign Direct Investment in Central and Eastern Europe
Book Subtitle: Post-crisis Perspectives
Editors: Balázs Szent-Iványi
Series Title: Studies in Economic Transition
DOI: https://doi.org/10.1007/978-3-319-40496-7
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-40495-0Published: 04 January 2017
Softcover ISBN: 978-3-319-82118-4Published: 07 July 2018
eBook ISBN: 978-3-319-40496-7Published: 22 December 2016
Series ISSN: 2662-6675
Series E-ISSN: 2662-6683
Edition Number: 1
Number of Pages: XVIII, 266
Number of Illustrations: 4 b/w illustrations, 24 illustrations in colour
Topics: International Economics, Political Economy/Economic Systems, International Political Economy, Economic Policy