CEU Electronic Theses and Dissertations, 2012
| Author | Pupinis, Mantas |
|---|---|
| Title | Understanding the Sectoral Patterns of Foreign Direct Investment in the Baltic States: How do Prevailing Skills, Political Stability and Political Ideologies Matter? |
| Summary | The present thesis analyzes the empirical problem: despite very similar initial positions, the three Baltic States have developed different sectoral patterns of foreign direct investment (FDI) in the period 1991-2007. While Lithuania has attracted a significantly larger share of FDI in manufacturing, Latvia and Estonia, on the other hand, have specialized in FDI in financial and business services. Analysis is based on a theoretical approach to economic relations borrowed from economic sociology – economic substantivism – which tells that economic activity is always embedded in wider social, institutional, cultural and political context. By using various methods (analysis of statistical data, party programs, legal documents and media) and data from various sources the thesis analyzes the influence of the prevailing skills, political stability and political ideology on the types of attracted FDI. The thesis has two main findings. First, the prevailing skills do indeed have an influence on the sectoral patterns of FDI in Lithuania and Estonia. In Lithuania, prevailing skills are conducive to FDI in manufacturing, while in Estonia they are conducive to FDI in financial and business services. Second, the political ideologies of the parties in government have an influence on the type of attracted FDI in all three Baltic States. However, only in Estonia government FDI policies are supported by a high level of political stability. |
| Supervisor | Greskovits, Béla |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2012/pupinis_mantas.pdf |
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