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Privatization, with its ultimate objective of raising economic efficiency, has been central to the transformation of the economies of Eastern Europe and Russia. The perception of foreign direct investment in the privatization process of transitional economies is often shrouded in emotional prejudice and daily political needs and remote from rational economic considerations. Eastern Europe is no exception to this trend. This study identifies the presence of multinationals and their role in privatization in Eastern Europe. It binds together the current theoretical knowledge of foreign capital and privatization in transition economies with a close examination of the privatization policies and strategies in the Czech Republic, Hungary, Poland, Slovenia, Estonia and Russia.
List of contents
List of Tables List of Figures Preface Notes on the Contributors PART I: CONTEXTUAL ASPECTS Foreign Investment and Privatization in Eastern Europe: An Overview; P.Artisien-Maksimenko & M.Rojec Assessing the Costs and Benefits of Foreign Direct Investment: Some Theoretical Considerations; J.H.Dunning Foreign Direct Investment and the Private Sector; V.Gaucaite Direct Investment in South East Asia and Eastern Europe: A Comparative Analysis; K.Meyer PART II: EMPIRICAL COUNTRY STUDIES Foreign Direct Investment and Privatization in the Czech Republic; A.Zemplinerova Foreign Investment and Privatization in Poland; W.Jermakowicz Foreign Investment Companies in the Hungarian Economy; G.Hunya Foreign Capital and Privatization in Hungary; M.Illes The Problems of Foreign Capital Participation in Russia's Privatization; Y.Adjubei Foreign Investment and Privatization in Solvenia; M.Rojec Foreign Investment in Estonia; P.Hanson Bibliography Index
About the author
YURI ADJUBEI Trade Division of the United Nations Economic Commission for Europe, Geneva
JOHN H. DUNNING Emeritus Professor of International Business, University of Reading
VITALIJA GAUCAITE Economic Analysis Division of the United Nations Economic Commission for Europe, Geneva
PHILIP HANSON Professor of Economics, Centre for Russian and East European Studies, University of Birmingham
GABOR HUNYA Research Economist, Institute for Comparative Economic Studies, Vienna
MARIA ILLES Professor of Applied Economics, University of Budapest
WLADYSLAW JERMAKOWICZ Professor of Business, University of Southern Indiana, Evansville
KLAUS MEYER Associate Professor, Centre for East European Studies, Copenhagen Business School
ALENA ZEMPLIMEROVA Professor of Economics, Centre for Economic Research and Graduate Education, Charles University, Prague
Summary
Privatization, with its ultimate objective of raising economic efficiency, has been central to the transformation of the economies of Eastern Europe and Russia. The perception of foreign direct investment in the privatization process of transitional economies is often shrouded in emotional prejudice and daily political needs and remote from rational economic considerations. Eastern Europe is no exception to this trend. This study identifies the presence of multinationals and their role in privatization in Eastern Europe. It binds together the current theoretical knowledge of foreign capital and privatization in transition economies with a close examination of the privatization policies and strategies in the Czech Republic, Hungary, Poland, Slovenia, Estonia and Russia.
