From Communists to Foreign Capitalists: The Social Foundations of Foreign Direct Investment in Postsocialist Europe
A book talk with author NINA BANDELJ, UC Irvine, Sociology
From 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 economic 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 economic strategies to deal with the true uncertainty that plagues the postsocialist environment.
Nina Bandelj is assistant professor of sociology and faculty associate at the Center for the Study of Democracy at the University of California, Irvine.
Published: Wednesday, December 03, 2008