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Case Studies: Foreign Capital and “Strategic” Enterprise Privatization

  • Benjamin E. Goldsmith

Abstract

This chapter builds on the results in chapter 5 by examining state-level policy outcomes. I focus on policy and practice regarding foreign investment in large enterprise privatization in Ukraine and Russia, 1990–1999. The privatization (denationalization) of major industrial assets represents a fundamental economic policy choice. The decision whether or not to allow foreign capital to participate in this process represents a fundamental foreign polity choice. This chapter seeks to explain what seems a puzzling fact: since the fall of the USSR, Russia has had a greater preference than Ukraine for foreign ownership of large enterprises, including “strategic” enterprises designated as important for national security.

Keywords

Foreign Direct Investment Foreign Investment Foreign Capital Large Enterprise Strategic Enterprise 
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Copyright information

© Benjamin E. Goldsmith 2005

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  • Benjamin E. Goldsmith

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