This paper reviews the empirical literature on the determinants of the choice by multinational
enterprises between entering foreign countries through greenfields or acquisitions. We …

This paper seeks to identify whether the slow progress in transition experienced by the
countries of the former Soviet Union (FSU) arises from weaknesses in implementing …

In 1986, the economist Wilfred J. Ethier, in seeking to explain the existence of multinational
enterprises (MNEs), concluded that 'internalization appears to be emerging as the Caesar of …

This paper updates some of the author's thinking on the eclectic paradigm of international
production, and relates it to a number of mainstream, but context-specific economic and …

Using a panel dataset of bilateral flows of foreign direct investment (FDI), we study the
determinants of FDI from Western countries, mainly in the European Union (EU), to Central …

Since the 1990s, Central and Eastern Europe (CEE) has provided unique societal quasi-
experiments, which represent opportunities to test the applicability of existing theories in …

In this paper, we evaluate what we have learned to date about the effects of privatization
from the experiences during the last fifteen to twenty years in the postcommunist (transition) …

The process of change from a centrally planned system to a market economy generates an
institutional framework that is only partially reformed, and therefore inconsistent and …

Alleviating poverty in the least developed countries (LDCs) requires raising the income level
of local workers. We look at the poor as producers and explore drivers of higher employee …

This study examines the factors determining FDI inflows of BRICS countries using annual
dataset from the period 1975 to 2007 (for Russia required data set is available from 1990 …