Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128174
Authors: 
Kudina, Alina
Jakubiak, Malgorzata
Year of Publication: 
2008
Series/Report no.: 
CASE Network Studies & Analyses 370
Abstract: 
This paper examines the motives behind foreign direct investment (FDI) in a group of four CIS countries (Ukraine, Moldova, Georgia and Kyrgyzstan) based on a survey of 120 enterprises. The results indicate that non-oil multi-national enterprises (MNEs) are predominantly oriented at serving local markets. Most MNEs in the CIS operate as 'isolated players', maintaining strong links to their parent companies, while minimally cooperating with local CIS firms. The surveyed firms secure the majority of supplies from international sources. For this reason, the possibility for spillovers arising from cooperation with foreign-owned firms in the CIS is rather low at this time. The lack of efficiency-seeking investment poses further concern regarding the nature of FDI in the region. The most significant problems identified in the daily operations of the surveyed foreign firms are: the volatility of the political and economic environment, the ambiguity of the legal system and the high levels of corruption.
Subjects: 
FDI
CIS
industrial organization
investment motives
JEL: 
F21
F23
L22
M15
Document Type: 
Research Report

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