Presenting a case study of FDI in Hungary, this paper first reviews the characteristics of FDI in Hungary since the outset of transition. It then examines the determinants of FDI in Hungary, finding that early and comprehensive privatisation and the creation of a generally business-friendly...

Increased outward foreign direct investment from post-socialist countries indicated the emergence of indigenous multinational companies. Nevertheless, we do not have a clear picture about the real extent of outward FDI realised by indigenous firms, as balance of payments contain data on outward...