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East European Challenges for FDI: A View from the Celtic Periphery


  • Michael Danson

    (Paisley Business School, University of Paisley, UK)

  • Ewa Helinska-Hughes

    (University of Paisley, UK)

  • Michael Hughes

    (University of Stirling, UK)


The transition economies of Central and Eastern Europe (CEE) are engaged in fierce competition for foreign direct investment (FDI). This paper examines FDI trends in CEE, FDI competition, the policy framework, and institutions such as inward investment agencies. It identifies patterns in FDI flows, economic policy, and FDI incentive regimes in response to competitive pressures and the EU accession process. The Celtic ‘tiger’ economies of Scotland, Wales and Ireland have been restructuring their economies through inward investment for several decades. They evolved successful strategies for regional and inward investment agencies that may provide lessons for Central and Eastern Europe.

Suggested Citation

  • Michael Danson & Ewa Helinska-Hughes & Michael Hughes, 2002. "East European Challenges for FDI: A View from the Celtic Periphery," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 5(Special C), pages 37-52, December.
  • Handle: RePEc:zag:zirebs:v:5:y:2002:i:sci:p:37-52

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    More about this item


    FDI; Competition; Celtic periphery; Central and Eastern Europe.;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F18 - International Economics - - Trade - - - Trade and Environment
    • P2 - Economic Systems - - Socialist Systems and Transition Economies
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy


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