PL EN


2007 | 18 | 9(193) | 55-77
Article title

FOREIGN DIRECT INVESTMENT IN ESTONIA

Authors
Selected contents from this journal
Title variants
Languages of publication
PL
Abstracts
EN
The authoress looks at foreign direct investment in Estonia and discusses its implications for the country's economy. The analysis covers the 1994-2004 period and is based on a combination of analytical and descriptive methods. To obtain a more complete picture of foreign capital involvement in Estonia, which was once part of the Soviet Union, she discusses factors that influence the country's investment attractiveness. She concludes that Estonia's market transformation has contributed to a major acceleration in the inflow of FDI to this country. FDI in Estonia has been characterized by a strong concentration, both in terms of the investors' country of origin and the sectors in which they become involved. Scandinavian companies, primarily those from Sweden as well as Finland, have dominated among foreign direct investors in Estonia, while the role of investors from Central and Eastern Europe in Estonia's overall FDI performance has been marginal. Since 1998 the financial sector has been the main focus of foreign direct investment in Estonia. Foreign investors have also contributed to the restructuring of the country's corporate sector. The inflow of foreign capital has enabled Estonia to join the international trade system. However, despite the generally positive role of FDI in the country's development, the strong concentration of foreign capital leads to worries about the permanence of Estonia's economic achievements. A potential economic crisis in Scandinavia could easily lead to a situation in which FDI would bring negative market trends to Estonia's fledgling economy.
Year
Volume
18
Issue
Pages
55-77
Physical description
Document type
ARTICLE
Contributors
  • M. S. Sobanska, Szkola Gl√≥wna Handlowa, Kolegium Gospodarki Swiatowej, al. Niepodleglosci 162, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07PLAAAA03156510
YADDA identifier
bwmeta1.element.279c4e21-f334-3c20-9d1d-a125ca496ec6
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