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The Role of Foreign Direct Investment in the Transformation of Eastern Europe

In: The Transformation of the Communist Economies

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  • Hugo Radice

Abstract

Debate on privatisation in the post-communist countries, as well as wider discussions of reform in or transformation of Soviet-type economies, has signally failed to acknowledge one of the most important features of the contemporary capitalist world: the deepening transnationalisation of economic activity.1 Although the foreign trade and payments of Eastern Europe have been the subject of considerable study, what is really needed is a shift in focus towards the role of foreign capital. This chapter aims to promote this shift, in particular by examining one aspect of this — the growth of inward foreign direct investment in the region, notably by transnational corporations.

Suggested Citation

  • Hugo Radice, 1995. "The Role of Foreign Direct Investment in the Transformation of Eastern Europe," Palgrave Macmillan Books, in: Ha-Joon Chang & Peter Nolan (ed.), The Transformation of the Communist Economies, chapter 10, pages 282-310, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23916-0_10
    DOI: 10.1007/978-1-349-23916-0_10
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