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Direct Investment in South-East Asia and Eastern Europe: A Comparative Analysis

In: Foreign Investment and Privatization in Eastern Europe

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  • Klaus Meyer

Abstract

The countries of Central and Eastern Europe are undergoing an unprecedented transition from centrally planned to capitalist market economies. Aside from macroeconomic stabilization, which has been a top priority in the early years of transition, this necessitates an almost complete microeconomic restructuring, including large-scale changes in ownership and the establishment of market institutions. It was expected that Foreign Direct Investment (FDI) could play a very important catalytic role in the transition, and transfer capital and urgently needed technological and management skills to the region (Dunning 1993a; McMillan 1993). Some countries made FDI an integral part of their transition strategy and the international financial institutions considered it ‘crucial’ for the success of the transition (IMF, World Bank, OECD and EBRD 1991, p. 75).

Suggested Citation

  • Klaus Meyer, 1993. "Direct Investment in South-East Asia and Eastern Europe: A Comparative Analysis," Palgrave Macmillan Books, in: Patrick Artisien-Maksimenko & Matija Rojec (ed.), Foreign Investment and Privatization in Eastern Europe, chapter 4, pages 102-128, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22648-1_4
    DOI: 10.1007/978-1-349-22648-1_4
    as

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