This title was first published in 2003. Among the major challenges transition economies are facing is how to cope with globalization. Foreign direct investment (FDI) has proved the most dynamic (defensive and offensive) response, as an integration and network tool, yet outward FDI has so far been overlooked in research. The vitality of outward FDI as an entry mode to the global economy is discussed in this authoritative volume from various angles, beginning with the context of the development strategy and the transition process. The experiences of the Slovene way of internationalization are compared with those of other transition economies. Readers will learn about the size, geographical distribution, trends and sectoral allocation of such outward FDI (OFDI) as well as the major motives, barriers and problems. The book also responds to questions about the extent to which outward FDI is instrumental in development/transition, EU accession and competitiveness strengthening. Based on extensive empirical research and focused case studies, the volume provides valuable lessons for other EU candidate countries and transition economies, while managerial experiences in entering Central and Eastern European markets offer universal internationalization lessons.
Table of Contents
Contents: Origins of Slovenia and its Outward Internationalization: Introduction; Slovenia - a new state of the world; The history of outward investing. Outward Foreign Direct Investment in the 1990s: Legal framework and trends; Geographical and industrial distribution; Investment in the successors to the SFRY; The importance of investigating companies. Investing Abroad: From Idea to Results: Motivations for outward investment; Investing firms and foreign affiliates; Barriers to internationalization; Effects of outward investment. Case Studies: Characteristics and lessons of cases; Gorenje; Prevent; Iskraemeco; Krka; Lek; Kolektor; Mercator. Lessons from Slovenia: The role of the government; Is the Slovenian case relevant?; Conclusions; Bibliography; Name index; Subject index.
'...the authors have presented a significant and competent study, which makes a valuable contribution towards the understanding of the role of outward FDI in Slovenia's economic development and transition process. Most important, the case study of Slovenia offers many learning opportunities for other transition economies, and may be used as a starting point for similar studies in the region.' South-Eastern Europe Journal of Economics