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| Author: | Schultz, S. |
| Title: | Foreign direct investment in the transition countries |
| Journal: | Economic Bulletin
1997 : APR, VOL. 34:4, p. 3-10 |
| Index terms: | FOREIGN INVESTMENT SOVIET BLOC EUROPE, EAST |
| Language: | eng |
| Abstract: | From the very outset of the transition process in eastern central Europe and the successor states to the Soviet Union , foreign direct investment has been seen as a key factor in the restructuring process. Direct investment - along with other forms of private capital import - is expected to make an important contribution to the external financing of macroeconomic adjustment. It can serve as a catalyst for economic change, as direct investment avoids foreign debt and underlines international confidence in the sustainability of the reform process. |
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