Foreign direct investment in central and Eastern Europe in the period 1990 - 2000: Patterns and consequences

Document Type

Article

Publication Date

1-1-2018

Abstract

International investment flows come in twof orms. The largest share derives from flows of financial capital seeking the highest returns. While financial investments are important to economic development, they are toof ickle to be a reliable source of sustainable economic development. The negative aspects of relying on financial investment were clearly evidenced by the financial flight experienced by such varied nations as Mexico, Thailand, Indonesia, South Korea, the Philippines, Russia, and Brazil at various times between late 1994 and 1998. Moreover, researchers are now studying the so-called contagion phenomenon, in which instability that generates capital flight in one country can spread quickly to other nations throughout the globe, even if these other nations are relatively free of the economic shortcomings of the country that initially experienced capital flight.

Publication Title

Foreign Direct Investment in Central and Eastern Europe

First Page

59

Last Page

92

Digital Object Identifier (DOI)

10.4324/9781315198965

ISBN

9781351774581,9781138707580

Share

COinS