Determinants of FDI in Central and Eastern Europe The Effects of Int

This book provides a detailed examination of foreign direct investment (FDI) inflows in Central and Eastern Europe (CEE) after closer integration in the European Union. An important facet of European economic integration was the development of a free-trad

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Hanna Makhavikova

Determinants of FDI in Central and Eastern Europe The Effects of Integration into the European Union

Contributions to Economics

More information about this series at http://www.springer.com/series/1262

Hanna Makhavikova

Determinants of FDI in Central and Eastern Europe The Effects of Integration into the European Union

Hanna Makhavikova Faculty of Economics and Management Otto-von-Guericke University Magdeburg Magdeburg, Germany

ISSN 1431-1933 ISSN 2197-7178 (electronic) Contributions to Economics ISBN 978-3-319-91877-8 ISBN 978-3-319-91878-5 (eBook) https://doi.org/10.1007/978-3-319-91878-5 Library of Congress Control Number: 2018946102 © Springer International Publishing AG, part of Springer Nature 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by the registered company Springer International Publishing AG part of Springer Nature. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Preface

Since the dissolution of the Soviet Union, the transitional economies of Central and Eastern Europe (CEE) have experienced a unique type of political and economic change in modern times. While the transition process of CEE has been characterised by both success and disappointment, continuously increasing foreign direct investment (FDI) inflows have been seen as a potential catalyst for the economic changes evident within these countries over the last 25 years. Therefore, the question on FDI has been chosen deliberately as a key aspect of this research. In this regard, analysing the experiences of the leading CEE economies is a worthwhile pursuit for other countries looking to correct their key economic measures. However, more than two decades on from the beginning of the transition of former centrally planned economies in Europe, it is still difficult to i