"Capital is the fuel of the modern economy. After the fall of the
Iron Curtain, the former socialist countries had to import this
fuel from capital-rich Western countries. Which countries could
attract the most foreign direct investment and why? In her
outstanding study, Nina Bandelj shows that the diffusion of foreign
direct investment is a socially embedded process in which decisions
in an uncertain environment are shaped by social, cultural, and
political forces. Arguing clearly and gracefully, she skillfully
applies the toolkit of economic sociology to one of the most
pressing questions of the global economy."--Jens Beckert, Max
Planck Institute for the Study of Societies
"Pundits tell us that globalization has now made the world flat,
and rendered the state obsolete. Nina Bandelj shows that both of
these truisms are false, explaining how social networks,
institutions, politics, and culture deeply affect the flow of
foreign direct investment into eleven postsocialist countries. Her
thoughtful analysis will be of interest to anyone who wants to
understand globalization, economic development, and Central and
Eastern Europe since 1989."--Bruce G. Carruthers, Northwestern
University
"In this compelling account of the origins of foreign direct
investment in postsocialist Eastern Europe, Nina Bandelj explores a
critically important--but typically overlooked--component of
economic transition: the centrality of social relations to what may
appear to be a purely economic exchange. Anyone interested in
transition, Eastern Europe, or economic sociology more generally
will want to add this to their must-read list."--Lisa A. Keister,
Duke University
"This book is a major contribution toeconomic sociology and the
study of the postcommunist transformation. It makes creative and
fundamental theoretical points and has empirical punch. It will
stand out in the literature on foreign direct investment with its
originality."--Akos Rona-Tas, University of California, San
Diego
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