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From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe Book

From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe
From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe, <i>From Communists to Foreign Capitalists</i> explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central, From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe has a rating of 2 stars
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From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe, From Communists to Foreign Capitalists explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central, From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe
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  • From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe
  • Written by author Nina Bandelj
  • Published by Princeton University Press, November 2007
  • From Communists to Foreign Capitalists explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central
  • "Capital is the fuel of the modern economy. After the fall of the Iron Curtain, the former socialist countries had to import this fuel from capital-rich Western countries. Which countries could attract the most foreign direct investment and why? In her ou
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List of Tables     ix
List of Figures     xi
Acknowledgments     xiii
Prologue     xvii
Social Foundations of the Economy     1
The Argument     2
A Social-Constructivist Perspective on Economic Organization and Action     8
The Empirical Case: Foreign Direct Investment in Postsocialist Europe     16
From Socialism to Postsocialism     29
Socialism     30
Challenges of the Transformation: Shock Therapy versus Gradualism     43
The Context of Transformation     46
Conclusion     64
Institutionalization of FDI in Postsocialism     65
FDI as Instituted Process     66
Legitimization of FDI Practice     70
FDI Trends since 1989     88
Explaining FDI Inflows across Countries over Time     91
How Postsocialist States Create Markets     99
Conclusion     101
Cross-Country Patterns in FDI Flows     103
From Country Characteristics to Relations between Countries     104
Social Relations as Determinants of FDI Flows     111
Embeddedness and Globalization     126
Conclusion     130
Embeddedness of OrganizationalFDI Attempts     131
Invested Transactions: The Intricacies of FDI Attempts     131
What Determines FDI Transactions?     143
Network Embeddedness     145
Cultural Embeddedness     149
Political Embeddedness     155
Macro-Institutional Embeddedness     159
Embeddedness: Structures-Power-Culture Configurations     162
Conclusion     166
Uncertainty and the Practice of FDI Transactions     168
Rethinking Instrumental Rational Action     169
Uncertainty     174
Practical Action Model     177
Substantive Varieties of Rationality     179
Procedural Varieties of Action     181
Logic of Decision-Making Practice: Routines, Emotions, Creativity     189
Conclusion     194
Embedded Economies     196
Creation of Markets: From One Kind of Embeddedness to Another     196
Operation of Markets: Structures-Power-Culture Configurations     200
Varieties of Postsocialist Capitalism     206
Conclusion     218
Epilogue     221
Appendix on Method and Data Sources     223
Notes     243
References      255
Index     291


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From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe, <i>From Communists to Foreign Capitalists</i> explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central, From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe

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From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe, <i>From Communists to Foreign Capitalists</i> explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central, From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe

From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe

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From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe, <i>From Communists to Foreign Capitalists</i> explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central, From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe

From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe

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