2008 was marked by major changes in the world economy: the international integration based on money and capital markets fell into a deep crisis. This article examines how foreign direct investment - together with international trade - can replace those money and capital markets in the role of...

In the last decade, there has been a surge in the number of multi-lateral and bilateral investment treaties governments have signed; meanwhile there have been dramatic increases in the amount of foreign direct investment (FDI); and, more recently, the number of claims brought under investment...

The article draws on the concepts of cultural and political embeddedness to analyse the local embeddedness of a global transnational engineering firm in transforming economies. It compares the process of the negotiations for and the acquisitions of assets undertaken by ABB in Wroclaw, Poland and...

Building on the empirical evidence resulting from a newly developed database of foreign direct investment (FDI) operations in the countries of Central and Eastern Europe (CEECs), panel data techniques are used to show that, at the sector level, a consistent modelling of FDI flows needs to take...

Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment....

In a recent model Markusen and Venables (1999) describe the conditions under which foreign direct investments (FDI) can act as a catalyst for local industrial development. We apply this framework to the case of Poland, allowing for the entry of multinationals in both intermediates and...

We analyze foreign direct investment (FDI) from two theoretical perspectives: the traditional economic perspective and the more recent institutional perspective. By combining a theoretical analysis with empirical tests, we are able to explore the explanatory power of both economic and...

The former Soviet periphery is not a major interest for international business scholars. This is partly understandable as these are small and little known economies, hidden behind the center of the Soviet Union until its break-up in 1991. After gaining independence in 1991, these peripheral...

As economic growth is one of the crucial factors for the development of a country, foreign direct investment is one of the tools for achieving it, especially in small open economies such as Bulgaria. However,there are some additional issues to be taken into account, as the privatization inflows...

We develop a simple test to assess whether horizontal spillover effects from multinational to domestic firms are endogenous to the market structure generated by the entry of the same multinationals. In particular, we analyze the performance of a panel of 10,650 domestic and multinational firms...