ABSTRACT
INTRODUCTION Much has already been said, written and speculated about the subject of foreign direct investment (FDI) in Central and Eastern Europe.2 Almost daily, we read about a new joint equity venture being set up in Eastern Germany, Russia, Poland or Hungary; or of a strategic alliance being concluded between a Central European and Western or Japanese firm; and, scarcely less frequently, about the efforts of one or other of the East European governments to revamp its foreign investment rules and regulations, or to offer new tax concessions to make its country more attractive to foreign investors.
