TY  - JOUR
AB  - Argues that the association of Bulgaria, Hungary, Poland, Romania, Czech and Slovak Republics (CEECs) with the European Union (EU) under “Europe agreements” is unlikely to divert any significant amount of foreign direct investment (FDI) from developing countries because most of it in the latter is location specific. Notes that this applies to investments in natural resources, services and manufacturing industries targeting at domestic markets of the host developing countries. Only in the case of footloose labour and pollution intensive branches, developing countries may face additional locational competition from the associated CEECs. But such industries generally have very low shares in total FDI. Moreover, relative costs of production in CEECs are expected to rise in the course of their convergence towards EU standards.
VL  - 23
IS  - 10/11
SN  - 0306-8293
DO  - 10.1108/03068299610149516
UR  - https://doi.org/10.1108/03068299610149516
AU  - Prasad Agarwal Jamuna
PY  - 1996
Y1  - 1996/01/01
TI  - Impact of “Europe agreements” on FDI in developing countries
T2  - International Journal of Social Economics
PB  - MCB UP Ltd
SP  - 150
EP  - 163
Y2  - 2024/04/25
ER  -