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problems as Slovakia, hopping to attract FDI, in order to maintain in life failed
communist companies, founding also as many joint-ventures as possible with
Western equity and know-how. The peculiarity of Poland is given by the presence
of a large agricultural sector, in relative terms the largest in Europe: more than 30%
of the population is employed in it. So the real problem of Poland, was and still is,
to create enough jobs either to workers expelled by the old companies, as also, for
those expelled from the agricultural sector. Only in the very last period and with a
lot of EU help, there are some signs of a stepwise recovering and improving of the
country.
Apart from the historic and cultural similarities shown in table 2, a very
different situation is that of Russia. In the first stages of transition, Russia went
through a big economic turmoil, due to the fact that the transition process was
scarcely controlled and managed by the political forces. The situation in Russia
became pretty bad and, of course, it is still not ideal, if the country wouldn’t be so
rich in natural resources, particularly hydrocarbons. After the initial period Russia
managers took conviction that they can survive easily just by fostering and
managing those resources of theirs. The FDI situation can be shown, observing
Figure 1 and Table 2, illustrating European and Worldwide FDI trends and stocks,
comprising the four comparison countries, where their position appears clearly
stressed out. Of the four countries considered the best performer is Poland, follows
Russia, Slovakia and Slovenia, which is last.
12
Table 2: Received FDI in 2006 by Country
Rank Country USD billion
1 USA 1,818.00
2 UK 1,135.00
3 Hong Kong 769.10
4 Germany 763.90
5 China 699.50
6 France 697.40
7 Belgium 633.50
8 Netherlands 450.90
9 Spain 439.40
10 Canada 398.40
11 Italy 294.80
21 Poland 104,20
23 Russia 90,72
55 Slovakia 19.08
56 Croatia 18.33
70 Slovenia 7.46
78 Bosnia and Herzegovina 0.83
*Source: Wikipedia, data mostly based on CIA Factbook 8
8 http://en.wikipedia.org/wiki/List_of_countries_by_received_FDI