From Communists to Foreign Capitalists

The Social Foundations of Foreign Direct Investment in Postsocialist Europe

Nonfiction, Social & Cultural Studies, Social Science, Demography, Political Science, Government, Communism & Socialism
Cover of the book From Communists to Foreign Capitalists by Nina Bandelj, Princeton University Press
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Author: Nina Bandelj ISBN: 9781400841257
Publisher: Princeton University Press Publication: October 16, 2011
Imprint: Princeton University Press Language: English
Author: Nina Bandelj
ISBN: 9781400841257
Publisher: Princeton University Press
Publication: October 16, 2011
Imprint: Princeton University Press
Language: English

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 and Eastern Europe, Nina Bandelj presents a pioneering sociological treatment of the process of foreign direct investment (FDI). She demonstrates how both investors and hosts rely on social networks, institutions, politics, and cultural understandings to make decisions about investment, employing practical rather than rational economic strategies to deal with the true uncertainty that plagues the postsocialist environment.

The book explores how eleven postsocialist countries address the very idea of FDI as an integral part of their market transition. The inflows of foreign capital after the collapse of Communism resulted not from the withdrawal of states from the economy, as is commonly expected, but rather from the active involvement of postsocialist states in institutionalizing and legitimizing FDI. Using a wide array of data sources, and combining a macro-level account of national variation in the liberalization to foreign capital with a micro-level account of FDI transactions in the decade following the collapse of Communism in 1989, the book reveals how social forces not only constrain economic transformations but also make them possible.

From Communists to Foreign Capitalists is a welcome addition to the growing literature on the social processes that shape economic life.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 and Eastern Europe, Nina Bandelj presents a pioneering sociological treatment of the process of foreign direct investment (FDI). She demonstrates how both investors and hosts rely on social networks, institutions, politics, and cultural understandings to make decisions about investment, employing practical rather than rational economic strategies to deal with the true uncertainty that plagues the postsocialist environment.

The book explores how eleven postsocialist countries address the very idea of FDI as an integral part of their market transition. The inflows of foreign capital after the collapse of Communism resulted not from the withdrawal of states from the economy, as is commonly expected, but rather from the active involvement of postsocialist states in institutionalizing and legitimizing FDI. Using a wide array of data sources, and combining a macro-level account of national variation in the liberalization to foreign capital with a micro-level account of FDI transactions in the decade following the collapse of Communism in 1989, the book reveals how social forces not only constrain economic transformations but also make them possible.

From Communists to Foreign Capitalists is a welcome addition to the growing literature on the social processes that shape economic life.

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