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This book focuses on the impact of foreign investment on selected sectors of two key transition economies - Russia and Ukraine - to explain the effect of foreign direct investment on the transitional economy. It examines how key Western players in the international investment business have chosen whether to invest in the former Soviet Union and applies these findings to sectors within Russia and Ukraine. While recognizing the tremendous importance of foreign direct investment (FDI) as a means to upgrade technology in transition conditions, the study also examines the importance of FDI in internationalizing production. The authors question the difference globalization can make to a transition economy in a situation where domestic investment is not recovering, and where there is still no clear-cut upward trend in levels of production. TABLE OF CONTENTS: 1. Introduction 2. Foreign Direct Investment in Transition Countries- A Global Perspective 3. Alliances and Emerging Patterns of Technological Integration and Marginalisation of Central and Eastern Europe within the Global Economy 4. Foreign Direct Investment in Contemporary Russia - a General View 5. Foreign Direct Investment in the Science-Based Industries of Russia 6. Foreign Direct Investment in Relation to Small Enterprises in Russia 7. British and German MNCs in Russia and the FSU - Evidence from the Western Side 8. FDI in Ukraine: First Results, Tendencies and Prospects 9. FDI in the Former Soviet Union: New Insights Index
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