Foreign direct investment in Eastern Europe and the former Soviet Union: results from a survey of investors

Author(s):  
Hans-Peter Lankes ◽  
A. J. Venables
2008 ◽  
Vol 41 (3) ◽  
pp. 301-316 ◽  
Author(s):  
Murat M. Kenisarin ◽  
Philip Andrews-Speed

The modernisation of the economies of the former Soviet Union (FSU) will require substantial levels of foreign direct investment (FDI). The aim of this study is to examine factors which may be instrumental in determining this level of the FDI. It achieves this by establishing quantitative relationships between levels of FDI per capita to the year 2004 and three sets of indicators relating, respectively, to governance, economic freedom, and corruption perception. The paper demonstrates that the level of FDI in FSU states has been determined to a significant extent by the degree of reform from a planned economy towards a market economy.


Author(s):  
Troy A. Festervand Festervand

This study replicates a 2002 study that used perceptual mapping to identify the collective and individual positions of nine, newly established nations of the former Soviet Union as foreign direct investment (FDI) options. With the continued growth of FDI globally, the purpose of the 2010 study was to determine if significant shifts had occurred in the perceived positions of the individual nations, as well as that of the "ideal" nation. FDI executives surveyed indicated that a limited number of newly established nations (e.g., Azerbaijan, Estonia, Latvia, Lithuania, and the Ukraine) are positioned most strategically to benefit from future foreign direct investments. Of the newly established nations studied, Azerbaijan appears to hold a strategically unique position. The abundance of natural resources, the nations improving political and economic environments, and favorable business requirements all contribute significantly to this nations perceived position. Some nations (e.g., Armenia, Belarus, Georgia, and Moldova) continue to face significant FDI obstacles.


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