Contents

Klaus Liebscher, Josef Christl, Peter Mooslechner and Doris Ritzberger-

Gruenwald

PART I Home and host country effects of FDI 

1       The role of FDI in transition

Josef Christl

2       Foreign direct investment spillovers in emerging market economies

Jan Svejnar

3       The role of FDI in Eastern Europe and New Independent States: new channels for 

the spillover effect

Irina Tytell and Ksenia Yudaeva

4       Blessing or curse? An industry-level analysis of FDI effects on productivity and 

wages in CEECs

Jesus Crespo Cuaresma, Carmen Fillat Castejon, Maria Antoinette Silgoner 

and Julia Woerz

5       How do FDI inflows affect the productivity of domestic firms? The role of 

horizontal and vertical spillovers, absorptive capacity and competition

Marcin Kolasa

6       Home country spillovers of FDI: some results and discussion of estimation issues

Priit Vahter and Jaan Masso

7       Effects of FDI on industry structure: a host-country perspective

Katja Zajc Kejzhar

PART II Where is FDI going? Global trends and patterns

8       Why FDI? Re-inventing economic geography in times of globalization

Peter Mooslechner

9       Recent FDI trends: implications for investment policy

Blanka Kalinova

10      Trends in FDI: the Austrian perspective

Rene Dell'mour

11      Is China's FDI coming at the expense of other countries?

Barry Eichengreen and Hui Tong

12      FDI in services: recent developments and prospects in Europe

Arjan Lejour

13      Outward FDI from new European Union member states

Marjan Svetlicic and Andreja Jaklic 

PART III       How to attract sustainable investment? Theory and practice

14      The determinants of FDI in Central, Eastern and South-eastern Europe: lessons 

from the past and prospects for the future

Laura Resmini

15      How to make FDI in Central and Eastern European countries sustainable?

Christian Bellak and Markus Leibrecht 

16      Does FDI help? The good, the bad, the surprising and the mistaken. Policy issues 

for developed countries, developing countries and multilateral lending institutions

Theodore H. Moran

17      The most FDI-intensive economy in Europe: the experience of Ireland

Frank Barry

18      Attracting sustainable FDI and building a knowledge-based economy: the case of 

CzechInvest

Jakub Mikulasek

Index