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Book ChapterDOI

The Impact of EU Enlargement on FDI Flows

Kalotay et al. as discussed by the authors showed that the relative importance of new EU members in global FDI flows when compared to that of the “old” members of the EU, was actually shrinking.
In the enlarged European Union (EU) with 25 members, the free movement of capital, coupled with the free movement of goods and services should be a major direct attraction for both intra-EU and external foreign direct investment (FDI) inflows. EU membership does not, however, lead to a linear increase in FDI inflows as many analysts suggest (ECE, 2001). With EU accession, the structure of FDI may change substantially (Hunya, 2000; Dyker, 2001). Activities based on the existence of closed domestic markets (e.g. food and beverages) and on cheap labour (e.g. assembly activities) might be reduced, or even closed down, giving way to more knowledge-intensive activities in the new EU member countries (Kalotay, 2004a). FDI in the new EU member countries is not yet on an uninterrupted growth path. In the pre-accession phase (1995–2003), the relative importance of new EU members in global FDI flows when compared to that of the “old” members of the EU, was actually shrinking. Thus, if new members want to use FDI as one channel for catching up, they have to reverse this trend and increase their inward FDI quite rapidly.

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Journal ArticleDOI

EU enlargement and consequences for FDI assisted industrial development

TL;DR: The authors argue that globalization has attenuated the benefits that accrue from EU membership for latecomers, and that they must now compete for FDI not just with other European countries but also with non-EU emerging economies.
Journal ArticleDOI

Outward Investment Flows and the Development Path: The Case of Slovakia

TL;DR: The authors in this article show the development path of Slovakia and discuss the stage in which Slovakia is positioned based on investment development path theory, and special focus is devoted to the outward investment flows and characteristics of the biggest Slovak "multinationals."
Posted Content

Mutual trade and investment of the Visegrad countries before and after their EU accession

TL;DR: In this article, the authors address the period preceding and following the EU accession in 2004 reconstructing the major developments in trade and FDI. And they conclude that foreign investors coming into these countries from the EU-15 and other advanced countries were the real engines of the revival in mutual trade.
Journal ArticleDOI

The Effect on Foreign Direct Investment of Membership in the European Union

TL;DR: In this paper, the impact of EU membership on foreign direct investment (FDI) has been explored empirically and the effects of such deep integration differ from other forms and investigates what drives these effects.
Journal ArticleDOI

Chinese and South Korean investment in Poland: a comparative study

TL;DR: In this article, a comparative study on Chinese and South Korean foreign direct investment (FDI) in Poland is presented in the broader context of Poland's systemic transformation and the accession to the European Union, and comprises the FDI inflows into Poland.
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The Purchasing-Power Parity Doctrine: A Reappraisal

TL;DR: The purchasing power parity (HIE) doctrine has had its ebbs and flows I over the years as mentioned in this paper and it has also had its critics, among others Taussig after World War J4 and Haberler after WWIJ,5 but it has managed to survive nevertheless.

The Customs Union Issue

Jacob Viner
TL;DR: Grossman as discussed by the authors discusses the compatibility of Customs Union with the Most-Favored-nation Principle and argues that the most favored-nation principle is not a serious barrier to Customs Unions.
Posted Content

The Customs Union Issue

TL;DR: The Customs Union Issue was originally published in 1950 by the Carnegie Endowment for International Peace and set the framework for the contemporary debate over the benefits or otherwise of preferential trading agreements such as the European Union, NAFTA, and APEC.
Posted Content

Foreign Investment and Productivity Growth in Czech Enterprises

TL;DR: This paper found that foreign direct investment had a greater positive impact on total factor productivity in firms in the Czech Republic over a four-year period than joint ventures did, suggesting that parent firms transferred more know-how to affiliates than joint venture firms got from their partners.