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Foreign direct investment and 'less favoured regions': Greek FDI in Bulgaria and Romania

Iammarino, Simona and Pitelis, Christos N. (2000) Foreign direct investment and 'less favoured regions': Greek FDI in Bulgaria and Romania. Global Business Review, 1 (2). pp. 155-171. ISSN 0972-1509

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Abstract

During the process of industrialization and afterwards (1960-80), Greek outward investment to Western and developing countries had been marginal, and government policy had only emphasized inward investment. But since the beginning of the nineties the opportunities arising from new investment in Eastern European Countries (EECs) have completely changed the scene. The aim of this article is to shed some light on the foreign direcf investment (FD1) flows from a peripheral European Union (EU) economy such as Greece, to two Less Favoured Regions of Eastern Europe, namely Bulgaria and Romania. In particular, on the basis of the empirical results gathered from a survey carried out in 1995-96, the objective is to analyze key criteria underlying investment choices by Greek firms, in order to help identify their role in the restructuring process and the impact that outward flows might have on the Greek economy.

Item Type: Article
Official URL: http://gbr.sagepub.com/
Additional Information: © 2000 SAGE Publications
Library of Congress subject classification: G Geography. Anthropology. Recreation > G Geography (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Sets: Departments > Geography and Environment
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 26 Mar 2010 16:33
URL: http://eprints.lse.ac.uk/27555/

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