FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union

The former Soviet Union disintegrated three decades ago. That momentous 1991 was not only the starting point for independence of the countries of the post-Soviet space but also the starting point for their transformation from centrally planned economy to capitalism, often with local specificities. A...

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Autores principales:	K. Kalotay, A. Sulstarova
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2021
Materias:	inward fdi outward fdi transition post-soviet space economic development International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/87631d0348f040f095b9ddb8081a436b
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id	oai:doaj.org-article:87631d0348f040f095b9ddb8081a436b
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spelling	oai:doaj.org-article:87631d0348f040f095b9ddb8081a436b2021-11-07T14:45:05ZFDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union2542-02402587-932410.23932/2542-0240-2021-14-5-2https://doaj.org/article/87631d0348f040f095b9ddb8081a436b2021-11-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/863https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The former Soviet Union disintegrated three decades ago. That momentous 1991 was not only the starting point for independence of the countries of the post-Soviet space but also the starting point for their transformation from centrally planned economy to capitalism, often with local specificities. At the moment of writing this article aiming at analysing the long-term, structural characteristics of inward and outward foreign direct investment (FDI), these 12 economies are facing new COVID-19-related challenges, different from the problems of transformation undertaken in the past decades. After a brief literature survey, in which the main issues raised by academic research are highlighted, the article analyses the long-term trends and the main characteristics (geographical and sectoral) of FDI, with special reference to greenfield project announcements from 2003 on (the starting year of data availability). It also explores how much economic development was based on either attracting inward or promoting outward FDI or both. The performance of the 12 post-Soviet economies is controlled against the performance of other transition economies such as the Baltic States, South-East Europe and/or the Visegrad Group. The article concludes that indeed efforts towards using inward or outward FDI for development has been modest, even if in inflows one can observe some convergence with the other transition economies, which have been relying more wittingly using FDI for their development.K. KalotayA. SulstarovaАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articleinward fdioutward fditransitionpost-soviet spaceeconomic developmentInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 14, Iss 5, Pp 30-60 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	inward fdi outward fdi transition post-soviet space economic development International relations JZ2-6530
spellingShingle	inward fdi outward fdi transition post-soviet space economic development International relations JZ2-6530 K. Kalotay A. Sulstarova FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union
description	The former Soviet Union disintegrated three decades ago. That momentous 1991 was not only the starting point for independence of the countries of the post-Soviet space but also the starting point for their transformation from centrally planned economy to capitalism, often with local specificities. At the moment of writing this article aiming at analysing the long-term, structural characteristics of inward and outward foreign direct investment (FDI), these 12 economies are facing new COVID-19-related challenges, different from the problems of transformation undertaken in the past decades. After a brief literature survey, in which the main issues raised by academic research are highlighted, the article analyses the long-term trends and the main characteristics (geographical and sectoral) of FDI, with special reference to greenfield project announcements from 2003 on (the starting year of data availability). It also explores how much economic development was based on either attracting inward or promoting outward FDI or both. The performance of the 12 post-Soviet economies is controlled against the performance of other transition economies such as the Baltic States, South-East Europe and/or the Visegrad Group. The article concludes that indeed efforts towards using inward or outward FDI for development has been modest, even if in inflows one can observe some convergence with the other transition economies, which have been relying more wittingly using FDI for their development.
format	article
author	K. Kalotay A. Sulstarova
author_facet	K. Kalotay A. Sulstarova
author_sort	K. Kalotay
title	FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union
title_short	FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union
title_full	FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union
title_fullStr	FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union
title_full_unstemmed	FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union
title_sort	fdi in the post-soviet space three decades after the disintegration of the soviet union
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2021
url	https://doaj.org/article/87631d0348f040f095b9ddb8081a436b
work_keys_str_mv	AT kkalotay fdiinthepostsovietspacethreedecadesafterthedisintegrationofthesovietunion AT asulstarova fdiinthepostsovietspacethreedecadesafterthedisintegrationofthesovietunion
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FDI in the Post-Soviet Space Three Decades after the Disintegration of the Soviet Union

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