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- W2183973977 abstract "It is an open question to what extent the accession countries will be able to benefit from an increase in the quality of foreign direct investments (FDIs) that they receive due to EU membership. Although there will be some investment in new affiliates resulting in new (greenfield) subsidiaries that did not exist previously, there will also be a downgrading of subsidiaries. Transnational companies (TNCs) may divest their operations in response to better location advantages elsewhere in the EU or reduce the intensity of operations by lowering the level of competence and/or scope of their subsidiary, and shifting from truncated replicas to singleactivity affiliates. That is to say, sectors that were dominated by domestic capital are transferred to foreign ownership, particularly where domestic capitalists have failed to improve their competitive advantages to compete effectively with foreign firms. Indeed, in many of the Central and East European (CEE) countries, the share of foreign ownership in total capital stock is already typically much higher than in older EU member states, although with considerable variation across sectors.This paper tries to highlights the best practices in the attracting investments area for designing the best investment policy for the EU new member states." @default.
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- W2183973977 date "2011-01-01" @default.
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- W2183973977 title "Investment policy in the European countries after their accession to EU. Lessons from the past" @default.
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