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Email this citationCIAO DATE: 11/04
Transforming Competitiveness in European Transition Economies: The Role of Foreign Direct Investment
Jasminka Sohinger
May 2004
University of California, Berkeley
Center for German and European Studies
Abstract
Foreign direct investment (FDI) has become one of the main drivers of globalization and integration of the European transition economies into the world economy, especially the European Union. Its growth enhancing capacity has played a significant role in transforming their competitiveness, both locally and on international markets, and its propensity to stimulate institution buliding is changing both economic and political landscapes in the region. The ec onomic conditionality of FDI and the EU access-driven reforms are working hand in hand in helping the goals of transition and the convergence process. The achievement of both goals is seen as the best guarantor of peace and security in the region.
