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Direct Foreign Investment and the Evolution of Markets in Central and Eastern Europe

In: Privatization, Corporate Governance and the Emergence of Markets

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  • Klaus Meyer

    (Copenhagen Business School)

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.

Suggested Citation

  • Klaus Meyer, 2000. "Direct Foreign Investment and the Evolution of Markets in Central and Eastern Europe," Studies in Economic Transition, in: Eckehard F. Rosenbaum & Frank Bönker & Hans-Jürgen Wagener (ed.), Privatization, Corporate Governance and the Emergence of Markets, chapter 15, pages 237-248, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-0-230-28607-8_15
    DOI: 10.1057/9780230286078_15
    as

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