This paper explains the obstacles experienced by foreign investors in Central and Eastern Europe with the underlying structural problems of the 'economies in transition'. The current economic transition of the region offers unique opportunities arising from virgin markets and low labor costs. However, the industrial restructuring process creates many obstacles for foreign investors. The are becoming involved in a radical change of industries, firms and individual behavior. The privatization-process creates opportunities and obstacles for acquisition entry. The institutional framework is developing towards Western models, but is still incomplete. An enterprises survey shows how these opportunities and obstacles affect foreign investments.
|Udgiver||CEES, Copenhagen Business School|
|Status||Udgivet - feb. 1997|
|Navn||Working Paper / Center for East European Studies. Copenhagen Business School|