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Foreign Investment in Estonia

In: Foreign Investment and Privatization in Eastern Europe

Author

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  • Philip Hanson

Abstract

‘Generally speaking, F[oreign] D[irect] I[nvestment] continues to follow natural resources — where these are abundant — and progress in transition.’ Thus the authors of the European Bank for Reconstruction and Development (EBRD)’s Transition Report 1997 (p. 125) comment on FDI flows to ex-communist countries. Estonia has little in the way of natural resources. Moreover, the country’s economic circumstances, when communist rule collapsed and it regained its independence, were unfavourable in the extreme. By Central European standards, however, it has been extremely successful in attracting foreign investment. This has been attributable largely to its ‘success in transition’.

Suggested Citation

  • Philip Hanson, 1993. "Foreign Investment in Estonia," Palgrave Macmillan Books, in: Patrick Artisien-Maksimenko & Matija Rojec (ed.), Foreign Investment and Privatization in Eastern Europe, chapter 11, pages 256-272, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22648-1_11
    DOI: 10.1007/978-1-349-22648-1_11
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