Abstract
Most of the foreign investment activity of state enterprises in the Comecon countries has developed since the late 1960s. A few Soviet investments that were established before World War II — those concentrated in timber, oil and banking — survived the war. The Communist regimes which came to power in Eastern Europe after World War II inherited some foreign assets when they nationalised large capitalist firms with foreign branches and affiliates. By the 1960s, however, these and a few additional investments constituted only a handful of cases and could be regarded as exceptional, even anomalous, in terms of the priorities of contemporary policy.KeywordsForeign Direct InvestmentWorld EconomyEast European CountryDevelop Market EconomyIndustrial CooperationThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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