Comments: Multinational Corporations in the Eastern European Economic Transition
The most important single fact to be noted in discussing the present role of multinational corporations in Eastern Europe (in which I include the Soviet Union) is the insignificance of the activities of these corporations. Full acceptance of multinational activity has come only very recently in this region, of course. For example, the possibility of 100% ownership by foreign companies appeared only in the year of revolutions, 1989, and even then not by every country. Despite this possibility, there is enough equivocation in present legislation and ambivalence of attitude amongst Eastern European politicians that it might be many years before the officials of Western corporations come to believe that Eastern Europe welcomes and protects their investments as much as does, for example, Turkey, Portugal, or Greece.
KeywordsEurope Rubber Turkey Defend OECD
Unable to display preview. Download preview PDF.
- BLOMSTROM, M. and WOLFF, E. (1989), Multinational Corporations and Productivity Convergence in Mexico, NBER Working Paper, #3141, Cambridge, Mass.Google Scholar
- BLOMSTROM, M.; KRAVIS, I.B. and LIPSEY R. E., (1988) Multinational Firms and Manufactured Exports from Developing Countries, NBER Working Paper, Cambridge Mass..Google Scholar
- BRADA, J. C. (1980), Industry Structure and East-West Technology Transfer: A Case Study of the Pharmaceutical Industry, ACES Bulletin, Vol. 22 (1), 31–59.Google Scholar
- CORY, P. F. (1985), Industrial Cooperation, Joint Ventures, and the MNE in Yugoslavia, in: RUGMAN, A., ed., New Theories of the Multinational Enterprise, New York: St. Martin’s.Google Scholar
- DUNNING, J. and CANTWELL, J. (1987), IRM Directory of Statistics of International Investment and Production, Basingstoke: MacMillan.Google Scholar
- HELPMAN, E. and KRUGMAN, P. R. (1985), Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy, Cambridge, MA: The MIT Press.Google Scholar
- INOTAI, A. (1991), Foreign direct Investment in Reforming CMEA Countries: Facts, Lessons, and Perspectives, this volume.Google Scholar
- MANSFIELD, E.; ROMEO, A.; SCHWARTZ, M.; TEECE, D.; WAGNER, S.; and BRACH, P. (1982), Technology Transfer, Productivity, and Economic Policy, New York: Norton.Google Scholar
- MURRELL, P. (1989), The Effect of (the Absence of) Multinational Corporations on the Level of Eastern European Trade, University of Maryland, Working Paper.Google Scholar
- MURRELL, P. (1990), The Nature of Socialist Economies: Lessons From Eastern European Foreign Trade, Princeton: Princeton University Press.Google Scholar
- OECD (1983), Foreign Investment in Turkey, Paris: OECD.Google Scholar
- VERNON, R. (1980), The Multinationalization of U.S. Business: Some Basic Policy Implications, in Special Study on Economic Change, Volume 9 - The International Economy: U.S. Role in a World Market, Washington, D.C.: U.S. Government Printing Office.Google Scholar