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About this product
- DescriptionFrom Communists to Foreign Capitalists explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the ecomic change that accompanied these shifts in central and Eastern Europe, Nina Bandelj presents a pioneering sociological treatment of the process of foreign direct investment (FDI). She demonstrates how both investors and hosts rely on social networks, institutions, politics, and cultural understandings to make decisions about investment, employing practical rather than rational ecomic strategies to deal with the true uncertainty that plagues the postsocialist environment. The book explores how eleven postsocialist countries address the very idea of FDI as an integral part of their market transition. The inflows of foreign capital after the collapse of Communism resulted t from the withdrawal of states from the ecomy, as is commonly expected, but rather from the active involvement of postsocialist states in institutionalizing and legitimizing FDI. Using a wide array of data sources, and combining a macro-level account of national variation in the liberalization to foreign capital with a micro-level account of FDI transactions in the decade following the collapse of Communism in 1989, the book reveals how social forces t only constrain ecomic transformations but also make them possible. From Communists to Foreign Capitalists is a welcome addition to the growing literature on the social processes that shape ecomic life.
- Author BiographyNina Bandelj is assistant professor of sociology and faculty associate at the Center for the Study of Democracy at the University of California, Irvine.
- Author(s)Nina Bandelj
- PublisherPrinceton University Press
- Date of Publication19/11/2007
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationNew Jersey
- Country of PublicationUnited States
- ImprintPrinceton University Press
- Content Note5 line illus. 25 tables.
- Weight457 g
- Width152 mm
- Height229 mm
- Spine18 mm
- Format DetailsTrade paperback (US)
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