Entrepreneurial Opportunities in CentralEast European Countries for Foreign Investors and Businessmen
The overview of policy measures applied in recent years in CentralEast European countries - given in Chapters 1 and 2 — clearly shows that preconditions for the development of entrepreneurship — similar to those which can be met in market economies — have already been established. The fact that during the past three years millions of private local enterprises and thousands of joint ventures with foreign capital participation were founded clearly proves that not only domestic but also foreign entrepreneurs are already taking up the opportunities opening up in these countries. Our analysis proved that these private enterprises (those fully domestically financed as well as those with foreign capital participation) were the first to develop a market-conform behaviour. They began to introduce new behavioural patterns which insured not only their own success but which also influenced competitive conditions developing since 1990 on individual segments of the domestic market of these countries.
KeywordsForeign Direct Investment Foreign Investor Foreign Firm Foreign Capital Entrepreneurial Opportunity
Unable to display preview. Download preview PDF.
- 5.See Scharrer H. E.: “The Impact of German Unification on International Financial Markets”, discussion paper presented at the UN conference on “Implications of Economic Reforms in Eastern Europe for Developing countries”. The Hague, February 1991, also “Gesamtwirtschaftliche und unternehmerische Anpassungsprozesse in Ostdeutschland”, Bericht I.-VIII. issued from 1991 to 1993, elaborated under the guidance of Schatz K. W. and Schmidt K. D. at the Institute for World Economics, Kiel.Google Scholar
- Source: Espa E.: “Western Aid and the Transitional Economies”, Instituto Nationale per lo Studio della Congiuntura, Centro di Economica Internationale, Roma, 1992.Google Scholar
- 12.See Sereghyova J. et. al.: “Changes in the External Economic Environment of the CSFR and the Perspectives of its International Economic Relations”, Study of the Institute for Forecasting of the CSAV, Prague, 1988.Google Scholar
- 18.E.g. Dimant M.A. and Dimant R.: Trade, Uncertainty and Commodity Storage, London, 1992 or Ford J.L.: “Economic Choice under Uncertainty”, London, 1992, or Ford J.L.: “Time, Expectations and Uncertainty in Economy”, London, 1992.Google Scholar
- 21.See Lanzoni P., Molteni M: “Privatization in Poland, the Impact of Ownership Changes on Enterprise Behaviour”. SDA, Boconi, Milan, IV, 1992.Google Scholar
- 22.Kiss J.: “Privatization in Hungary, Wishful Thinking or Economic Way Out?” St. Andrews, X. 1991.Google Scholar