Introduction

The 1980s were a harbinger of revolutionary global political and economic changes that created a favorable environment for foreign direct investment and resulted in a wealth of new business opportunities for foreign investors. The shift away from centrally-planned economies, the introduction of legal reforms conducive to the emerging markets, and the privatization of state enterprises have all had important effects in developing countries. The post-Cold War era and accompanying changes in the politico-economic philosophy prevailing in Eastern Europe and the former Soviet Union, ...