Integration Through Foreign Direct Investment: Making Central European Industries Competitive (Vienna Institute for Comparative Economic Studies Series,) - Hardcover

 
9781840641561: Integration Through Foreign Direct Investment: Making Central European Industries Competitive (Vienna Institute for Comparative Economic Studies Series,)
Hardcover
ISBN 10: 1840641568 ISBN 13: 9781840641561
Publisher: Edward Elgar Publishing, 2000

Synopsis

This book explores whether foreign direct investment (FDI) can contribute to the competitiveness of industries in Central Europe and to narrowing the gap between these transition economies and countries within the European Union.

The Czech Republic, Hungary, Slovakia and Slovenia have attracted substantial FDI since the beginning of their transition to a market economy. Using exhaustive empirical data, the authors demonstrate that foreign investment enterprises in Central Europe have higher allocative efficiency, promote macro- and microeconomic restructuring and foster the restructuring of the manufacturing sector in accordance with the host countries' comparative advantages. The case of Austria is used to demonstrate the possible benefits of FDI. On the other hand, high foreign penetration leads to the concentration of production and exports and makes the economy more vulnerable to external shocks. In addition, there may be unwelcome pressures on economic policy in order to maintain the country's position as a frequented investment target. However, the analysis in this book suggests that, on the whole, economies in transition can become more competitive more rapidly and more profoundly with the help of foreign direct investment.

This book will be of interest to students and scholars of international economics, European studies, economies of transition and international business.

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About the Author

Edited by Gábor Hunya, Senior Research Economist, The Vienna Institute for International Economic Studies (WIIW), Austria

"About this title" may belong to another edition of this title.

Publisher
Edward Elgar Publishing
Publication date
2000
Language
English
ISBN 10 
1840641568
ISBN 13 
9781840641561
Binding
Hardcover
Edition number
1
Number of pages
272
Editor
Hunya Gábor