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Foreign Direct Investment and Joint Ventures in East-Central Europe: A Geographical Perspective

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  • W Z Michalak

    (Department of Geographical Sciences, University of Plymouth, Drake Circus, Plymouth PL4 8AA, England)

Abstract

Capital flows in the form of foreign direct investment (FDI) are becoming one of the major mechanisms of interaction between Western and East-Central Europe. The major objective in this paper is to assess the extent and distribution of FDI between Czechoslovakia (before its breakup), Hungary, and Poland at the beginning of 1992. A detailed examination of the new investment patterns is followed by an analysis of the capital flows by geographical origin of investors and sector of the economy. In addition, the political and economic reasons for emerging regional differences in terms of FDI are discussed. The conclusions are focused on possible scenarios for future FDI in the region and its importance in the European integration process. It is clear that the benefits of direct Western investment in the former Eastern Europe stretch well beyond narrowly defined economic interests.

Suggested Citation

  • W Z Michalak, 1993. "Foreign Direct Investment and Joint Ventures in East-Central Europe: A Geographical Perspective," Environment and Planning A, , vol. 25(11), pages 1573-1591, November.
    • Handle: RePEc:sae:envira:v:25:y:1993:i:11:p:1573-1591
    DOI: 10.1068/a251573
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    References listed on IDEAS

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    1. Grosfeld, Irena & Hare, Paul G, 1991. "Privatization in Hungary, Poland and Czechoslovakia," CEPR Discussion Papers 544, C.E.P.R. Discussion Papers.
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    8. I Grosfeld & P Hare, 1991. "Privatization in Hungary," CEP Discussion Papers dp0031, Centre for Economic Performance, LSE.
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    Cited by:

    1. Artur Dmochowski, 1995. "Foreign direct investment in Central Europe," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 30(6), pages 305-312, November.
    2. Nicolini, Rosella, 1997. "Exportation and Foreign Direct Investment in Visegrad Area : An Empirical Analysis," LIDAM Discussion Papers IRES 1997028, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

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