TY - JOUR AU1 - Jamuna Prasad Agarwal AB - Argues that the association of Bulgaria, Hungary, Poland, Romania, Czech and Slovak Republics (CEECs) with the European Union (EU) under “Europe agreements” is unlikely to divert any significant amount of foreign direct investment (FDI) from developing countries because most of it in the latter is location specific. Notes that this applies to investments in natural resources, services and manufacturing industries targeting at domestic markets of the host developing countries. Only in the case of footloose labour and pollution intensive branches, developing countries may face additional locational competition from the associated CEECs. But such industries generally have very low shares in total FDI. Moreover, relative costs of production in CEECs are expected to rise in the course of their convergence towards EU standards. TI - Impact of “Europe agreements” on FDI in developing countries JF - International Journal of Social Economics DO - 10.1108/03068299610149516 DA - 1996-10-01 UR - https://www.deepdyve.com/lp/emerald-publishing/impact-of-europe-agreements-on-fdi-in-developing-countries-LsNii9Z0aL SP - 150 EP - 163 VL - 23 IS - 10/11 DP - DeepDyve ER -