Foreign direct investment (FDI) inflows into Central and Eastern Europe declined from a record $31 billion in 2002 to a low of $21 billion last year, the result of the end of privatisation in the Czech Republic and Slovakia, according to the World Investment Report 2004: The Shift Towards...

The accession of eight Central and Eastern European countries to the European Union in 2004 will bring some important benefits. The new members will gain from reduced barriers to trade and investment. By 2010, the movement of labour will also be freed. But accession to the EU is neither a...