MACMILLAN Foreign Investment and Privatization in Eastern Europe

Privatization, with its ultimate objective of raising economic efficiency, has been central to the transformation of the economies of Eastern Europe and Russia. The perception of foreign direct investment in the privatization process of transitional economies is often shrouded in emotional prejudice and daily political needs and remote from rational economic considerations. Eastern Europe is no exception to this trend. This study identifies the presence of multinationals and their role in privatization in Eastern Europe. It binds together the current theoretical knowledge of foreign capital and privatization in transition economies with a close examination of the privatization policies and strategies in the Czech Republic, Hungary, Poland, Slovenia, Estonia and Russia. About the Author YURI ADJUBEI Trade Division of the United Nations Economic Commission for Europe, Geneva JOHN H. DUNNING Emeritus Professor of International Business, University of Reading VITALIJA GAUCAITE Economic Analysis Division of the United Nations Economic Commission for Europe, Geneva PHILIP HANSON Professor of Economics, Centre for Russian and East European Studies, University of Birmingham GABOR HUNYA Research Economist, Institute for Comparative Economic Studies, Vienna MARIA ILLES Professor of Applied Economics, University of Budapest WLADYSLAW JERMAKOWICZ Professor of Business, University of Southern Indiana, Evansville KLAUS MEYER Associate Professor, Centre for East European Studies, Copenhagen Business School ALENA ZEMPLIMEROVA Professor of Economics, Centre for Economic Research and Graduate Education, Charles University, Prague