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.
KeywordsForeign Direct Investment Joint Venturis Eastern European Country Multinational Corporation Foreign Company
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