Table Of Content▼
▼
▼
▼
▼
▼
FOREIGN DIRECT
INVESTMENT IN
CENTRAL AND
EASTERN EUROPE
Post-crisis Perspectives
▼
▼
▼
▼
Edited by
Balázs Szent-Iványi
▼
▼
▼
STUDIES IN ECONOMIC TRANSITION
General Editors: Jens Hölscher and Horst Tomann
▼
Studies in Economic Transition
Series Editors
Jens Hölscher
The Business School
Bournemouth University
Bournemouth, United Kingdom
Horst Tomann
Department of Economic Policy and Economic History
Freie Universitaet (FU) Berlin
Berlin, Germany
This series brings together theoretical and empirical studies on the trans-
formation of economic systems and their economic development. The
transition from planned to market economies is one of the main areas of
fi
appliedtheorybecauseinthis eldthemostdramaticexamplesofchange
and economic dynamics can be found. It is aimed to contribute to the
fi
understanding of speci c major economic changes as well as to advance
the theory of economic development. The implications of economic
policy will be a major point of focus.
More information about this series at
http://www.springer.com/series/14147
BalázsSzent-Iványi
Editor
Foreign Direct
Investment in Central
and Eastern Europe
Post-crisis Perspectives
Editor
BalázsSzent-Iványi
AstonCentreforEurope
AstonUniversity
Birmingham,UK
InstituteofWorldEconomy
CorvinusUniversityBudapest
Budapest,Hungary
StudiesinEconomicTransition
ISBN978-3-319-40495-0 ISBN978-3-319-40496-7 (eBook)
DOI10.1007/978-3-319-40496-7
LibraryofCongressControlNumber:2016956076
©TheEditor(s)(ifapplicable)andTheAuthor(s)2017
Thisworkissubjecttocopyright.AllrightsaresolelyandexclusivelylicensedbythePublisher,whetherthe
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
similarordissimilarmethodologynowknownorhereafterdeveloped.
Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublication
doesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromtherelevant
protectivelawsandregulationsandthereforefreeforgeneraluse.
Thepublisher,theauthorsand theeditorsaresafe toassumethattheadvice andinformationinthis
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
hereinorforanyerrorsoromissionsthatmayhavebeenmade.
Printedonacid-freepaper
ThisPalgraveMacmillanimprintispublishedbySpringerNature
TheregisteredcompanyisSpringerInternationalPublishingAG
Theregisteredcompanyaddressis:Gewerbestrasse11,6330Cham,Switzerland
A(cid:1)
To Benedek, ron, and Gyöngyi
Contents
1 Introduction: The Changing Patterns of FDI 1
Balázs Szent-Iványi
2 Post-crisis Crossroads for FDI in CEE 23
Kálmán Kalotay
3 Czech FDI Performance: Between Global Value
Chains and Domestic Reforms 51
Tereza De Castro and Pavel Hnát
4 Foreign Direct Investment in Slovakia: The Tatra Tiger
Gone Tame? 77
ˇ o(cid:1) ˇ
Martin Grancay and N ra Grancay
5 Latecomers May Be Admitted: Foreign Direct Investment
Between the CEE Countries 99
Magdolna Sass
vii
viii Contents
6 Upgrading and Value Capture in Global Value Chains in
Hungary: More Complex than What the Smile Curve
Suggests 127
Andrea Szalavetz
7 Inequalities of Accumulation: The Case of Central and
Eastern Europe 151
Annamaria Artner
8 Multinational Banks: Protective Factors of Financial
Stability in Central and Eastern Europe? 171
Gábor Kutasi
9 Investment Promotion in the Visegrad Countries:
A Comparative Analysis 193
A(cid:1) ő A(cid:1) A(cid:1)
gnes T rös, dám Me´száros, and kos Dani
10 Competitiveness and Investment Promotion in Bulgaria
and Romania 219
Sorin Gabriel Anton
11 Conclusions: Prospects for FDI-Led Development
in a Post-crisis World 241
Balázs Szent-Iványi
Index 259
Notes on Contributors
SorinGabrielAnton isAssociateProfessorofFinanceatAlexandruIoanCuza
University of Iasi, Romania. His research interests are in the fields of interna-
tionalfinance,financialriskmanagement,andcorporatefinance.
AnnamáriaArtner isaseniorresearchfellowattheInstituteofWorldEconom-
ics, Centre for Economic and Regional Studies of the Hungarian Academy of
Sciences, Budapest, Hungary. Her main research interests are labour markets,
crises,andtheglobalaccumulationofcapital.
TerezaDeCastro isLecturerinGlobalEconomyandDevelopmentEconomics
at the Faculty of International Relations, University of Economics, Prague,
Czech Republic. She specializes in trade and investment relations between
EuropeandtheBRICScountries.
ÁkosDani isaPhDcandidateatCorvinusUniversityBudapest,Hungary.His
mainresearchareaistheinternationalmonetarysystem.
MartinGrančay istheDirectoroftheProjectCenterattheFacultyofChemical
and Food Technology at the Slovak University of Technology in Bratislava,
Slovakia, and an independent researcher. His work focuses primarily on gravity
modelsoftradeandtheeconomicsofinternationalcivilaviation.
Nóra Grančay is an independent researcher. She holds a PhD degree from the
UniversityofEconomicsinBratislava,Slovakia.
ix
x NotesonContributors
PavelHnát isAssociateProfessorofWorldEconomyandEuropeanIntegration
at the Faculty of International Relations, University of Economics, Prague,
CzechRepublic.HislatestmonographexaminesthePoliticalEconomyofGlobal
Imbalances.
KálmánKalotay isanEconomicAffairsOfficerattheUnitedNationsConfer-
ence on Trade and Development (UNCTAD) in Geneva, Switzerland, and
HonoraryProfessorofCorvinusUniversityBudapest,Hungary.
Gábor Kutasi is an associate professor at the Institute of World Economy,
CorvinusUniversityBudapest,Hungary.
ÁdámMészáros isanassistantprofessorattheInternationalBusinessResearch
Centre,CorvinusUniversityBudapest,Hungary.Hismainresearchinterestsare
foreigndirectinvestmentandresearch,development,andinnovationpolicy.
Magdolna Sass is a senior research fellow at the Centre for Economic and
Regional Studies of the Hungarian Academy of Sciences, Budapest, Hungary.
Her main research areas are international trade, foreign direct investments, and
relatedpolicies,withspecialattentiontotheEastCentralEuropeanregion.
Andrea Szalavetz is a senior research fellow at the Centre for Economic and
Regional Studies of the Hungarian Academy of Sciences, MTA MRTK, Buda-
pest, Hungary. Her research areas are global value chains and international
business.
Balázs Szent-Iványi is Lecturer in Politics and International Relations at the
AstonCentreforEurope,AstonUniversity,Birmingham,UK.Healsoholdsan
associate professor position at the Institute of World Economy, Corvinus Uni-
versity Budapest, Hungary. His work focuses on international development
politicsandtherelationsbetweenmultinationalcorporationsandthestate.
Ágnes To˝rös is an economic analyst, who received her PhD degree from
Corvinus University Budapest. She gathered professional experience in govern-
mental institutions and spent several years in positions dedicated to investment
promotion.
