Transition economies have inherited of a lot of outdated or blackwarded facilities in many industries from the socialist period. Restructuring such enterprises or industries need massive inputs of investment and technology. Privatisation and foreign direct investment provide answers to this...

The transition of the former socialists economies to the system of market economy can also be viewed as an exceptional experiment about the real nature of market economy. In this respect, the difficulties met in the transition provide fruitful informations concerning the relative importance of...