Foreign investment and restructuring [book]

Bartlomiej Kaminski, Michelle Riboud
2000 World Bank Technical Papers  
Hungary is a unique case for studying impacts of FDI. For starters, the level of penetration of its economy by foreign economy is enormous. Most firms accounting for the bulk of sales in respective markets have some foreign participation. Secondly, except for a short period during the initial stages of transition , the government has adhered to the principle of nondiscrimination. In consequence, special treatment (subsidies, market barriers) has had no discernible impact on decisions of foreign
more » ... investors. Thirdly, the program of privatization-with its emphasis on improvement in corporate governance-actively sought to restructure SOEs before offering them to highest bidders.
doi:10.1596/0-8213-4594-x fatcat:vegok2arqzbghflwr24oqaokre