This is the first book to explain the expansion of multinational enterprises (MNEs) into a transition economy from a technology accumulation perspective. The author provides a theoretical alternative to accepted wisdom regarding technology transfer, and discusses the policy implications of this...

Foreign subsidiaries of multinational companies are suggested as one of the main channels of technology transfer to less developed economies. In Central East Europe their presence proved to be a decisive factor to economic restructuring and development. This volume is a unique guide to theory,...

Foreign direct investment (FDI) assumed a prominent role in Central East Europe (CEE) early on in the transition process. Foreign investors were assigned the task of restructuring markets, providing capital and knowledge for investment in technologically outdated and financially ailing firms.