Credibility of economic reform and foreign direct investment in the former Soviet Union region

1997 ◽  
Author(s):  
Yuri Y. Yermakov
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.


2009 ◽  
Vol 9 (3) ◽  
pp. 399-432 ◽  
Author(s):  
Min Ye

When China embarked on economic reform in the late 1970s, its leaders aspired to learn from Japan's developmental policies that were restrictive of foreign capital. In the 1990s, China strove again to emulate Japan and South Korea in restricting foreign direct investment and promoting indigenous corporations. Despite these efforts, China's industrial catch-up was in fact led by FDI, in sharp contrast to the classic Japanese/Korean paradigm where FDI was strictly circumvented. Why was China unsuccessful in learning restrictive FDI policies? How did a new developmental path emerge in China? The answer lies in China's strong networks with diaspora communities. Through a diffusion mechanism, ties between local governments and diaspora capital helped initiate and catalyze China's FDI liberalization, despite the central efforts to learn from Japan and South Korea. Two critical reform episodes are examined: (1) the establishment of special economic zones and (2) the reform of state-owned enterprises.


Author(s):  
Amit Girdharwal ◽  
Amit Girdharwal

India embarked on a journey of economic reform in 1991 in order to remove the structural and institutional bottlenecks that were plaguing the Indian economy. The objectives of reforms were to achieve higher growth and efficient utilization of resources and thereby redistribution of resources. The reforms introduced in 1991 could be characterized as liberalization, privatization and globalization. Attracting FDI as an addition to existing pool of resources was one of the major objectives of reform. Since 1991, inflow of FDI in India has been rising steadily. The process that begun in 1991, has been constantly reformed in order to achieve the aspiration goals of India. The recent regime in India has reinvigorated economic reforms and thus helped in attracting historic level of FDI inflow. There seems to be a point of break around 2014 which marks that FDI inflow has peaked considerably thereafter.


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