One of the specific characteristics of Austrian Foreign Direct Investment (FDI) abroad is that a large part is carried out by firms, which themselves are affiliates of foreign Multinational Enterprises (MNEs). Such investment is termed indirect FDI in order to distinguish it from direct FDI,...

First paragraph: With the death of Kurt W. Rothschild on 15 November 2010 at the age of 96, Austria has lost, without doubt, one of her most thoughtful and original economic thinkers of the past century. He has been contributing to economics through a large number of publications in several...

Since 1989 Austria's investment activities in Central and Eastern Europe has intensified. Investments are concentrated in adjacent countries. Geographical proximity and close historical and cultural ties have enabled even small and medium-sized Austrian enterprises to achieve a 'first mover...