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Foreign direct investment in Central Eastern Europe

Some lessons for Poland from Hungary

  • System Transformation
  • Published:
Intereconomics

Abstract

Foreign direct investment (FDI) has a significant role to play not only in the process of accelerating privatization, but in the development and strengthening of the emerging market economies of Central Eastern Europe (CEE). The inflow of FDI into Poland up to 1994 was marginal as compared to Hungary and the Czech Republic. The following paper examines the situation in Poland and outlines what lessons can be learnt from the Hungarian experience.

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References

  1. Cf. Reuters News, January 4, 1994.

  2. cf. L. Balcerowicz: Innovationsspezifika, Wirtschaftssystem und Innovationsleistung von Wirtschaftssystemen, in: L. Balcerowicz and J. J. Welfens (eds.): Innovationsdynamik im Systemvergleich, Heidelberg 1988.

  3. Suzanne Gahler, an economist at J. P. Morgan, an American bank, shares the same view.

  4. cf. J. G. Scriven: Joint Ventures in Poland: A Socialist Approach to Foreign Investment Legislation, in: Journal of World Trade Law, 1980, No. 14.

  5. Roman Frydman, Andrzej Rapaczynski and John S. Earle (eds.): The Privatization Process in Central Europe, Central European University Press, London 1993.

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  6. Cf. PAP Business News, Poland, 30 May, 1994.

  7. Adam Jolly: Poland—the First European Tiger?, in: CBI News, May 1994; Dr. Ernst-Moritz Lipp of Dresdner Bank, chairman of the London Club, Cf. also Rzeczpospolita of June 1, 1994.

  8. Cf. Kalman Mizsei: The Challenge of Privatization in East Central Europe, in: Michael P. Claudon and Tamar L. Gutner (eds.): Comrades go Private, New York. 1993; Tamas Sarkozy: A Privatizacio Joga Magyarorszagon (1989–1993), Budapest 1993; Eva Voszka: Spontaneous privatization in Hungary, in: John S. Earle, Roman Frydman and Andrzej Rapaczynski (eds.): Privatization in the Transition to a Market Economy, London 1993.

  9. David Young: Foreign Direct Investment in Hungary, in: Patrick Artisien and Matija Rojec (eds.): Foreign Investment in Central and Eastern Europe, London 1993, p. 119.

  10. cf. Tamas Sarkozy, op. cit., A Privatizacio Joga Magyarorszagon (1989–1993), Budapest 1993, p.119.

  11. Cf. Financial Times, March 15, 1994, and The Economist, March 19, 1994. Cf. Rzeczpospolita, June 1, 1994.

  12. Cf. The Economist, March 19, 1994.

  13. cf. Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms, in: Brookings Papers on Economic Activity, No. 1, 1993, pp. 213–270.

  14. Cf. The Economist, July 2, 1994.

  15. The Economist, March 19, 1994, p. 90.

  16. Financial Times, July 8, 1994.

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Authors and Affiliations

  1. Macquarie University, Australia

    Csilla Hany

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  1. Csilla Hany
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Hany, C. Foreign direct investment in Central Eastern Europe. Intereconomics 30, 36–43 (1995). https://doi.org/10.1007/BF02926360

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  • DOI: https://doi.org/10.1007/BF02926360

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