Globalisation is a highly controversial topic. Despite its potential for accelerating growth and reducing poverty (to which most policy makers and economist would agree) objections are often expressed about the position of developing countries, and a number of damaging side-effects of the...

The first part of the report contains a broad overview of the literature on foreign direct investment (FDI), with emphasis on the determinants of FDI in transition economies. The second part of the report presents the outcomes of an empirical investigation into the determinants of direct...