The Baltic Region

2012 Issue №1(11)

Back to the list Download an article

Transborder corporate integration in the Baltic Sea Region

DOI
10.5922/2079-8555-2012-1-2
Pages
11-18

Abstract

The paper examines flows of foreign direct investment within the Baltic region. The author demonstrates close investment ties among the EU members, which are of special importance for Estonia, Latvia and Lithuania. Transborder corporate integration in the region is characterized by significant imbalances. In many aspects, it can be viewed as Sweden’s economic expansion or development of domestic markets for northern European companies. Although many German, Polish and Russian companies are involved in corporate integration in the Baltic region, other vectors of their foreign economic relations are still more important for them. As a result, the integration of Russian business in the Baltic part of the European integration area is still rather weak despite Russia’s considerable foreign direct investment in the Baltic States.

Reference

1. Burnaeva, E. M. 2007, Finljandija: tendencii zarubezhnogo investirovanija [Finland: trends of foreign investment], Mirovaya ekonomika i mezhdunarodnye otnosheniya [World Economy and International Relations], no. 7, p. 30—39.
2. Volkov, A. M. 2005, Shvecija: investicionnaja model' v dejstvii [Sweden: The investment model in action], Sovremennaja Evropa [Modern Europe], no. 1, p. 54—62.
3. Kuznetsov, A. V. (ed). 2008, ES i Rossija: ot prjamyh kapitalovlozhenij k investicionnomu sotrudnichestvu [The EU and Russia: From direct investment to investment cooperation], Moscow, Nauka.
4. Kokorina, E. V. 2011, Ekonomicheskie krizisy v stranah Baltii i Pol'she: investicionnaja politika [The economic crisis in the Baltic States and Poland: investment policy], Vestnik Federal'nogo gosudarstvennogo uchrezhdenija Gosudarstvennaja
registracionnaja palata pri Ministerstve justicii Rossijskoj Federacii [Bulletin of the FBI SRC with the Russian Ministry of Justice], no. 5, p. 20—30.
5. Kuznetsov, A. V., Chetverikova, A. S. 2009, Problemy rossijsko-pribaltijskih jekonomicheskih svjazej [Problems of Russian-Baltic economic ties], Mirovaya ekonomika i mezhdunarodnye otnosheniya [World Economy and International Relations], no. 7, p. 73—81.
6. Hejfec, B. A., Libman, A. M. 2008, Korporativnaja integracija: al'ternativa dlja postsovetskogo prostranstva [Enterprise Integration: an alternative to post-Soviet space], Moscow, Izd-vo LKI.
7. Johanson, J., Vahlne, J.-E. 1977, Journal of International Business Studies, Spring-Summer, p. 23—32.
8. Johanson, J., Wiedersheim-Paul, F. 1975, The Internationalization of the firm — four Swedish cases, Journal of Management Studies, October, p. 305—322.
9. Jost, T. Outward FDI from Germany and its policy context: update 2011, Columbia FDI Profiles, available at: http://www. vcc. columbia. edu (accessed 8 September 2011).
10. Kuznetsov, A., Chetverikova, A. and Toganova, N. 2011, Investment from Russia stabilizes after the global crisis, IMEMO-VCC Report, 23 June, available at:http://www. vcc. columbia. edu (accessed 2 August 2011).
11. Sieweck, J. 1989, Die Wirtschaftsbeziehungen zwischen Bundesrepublik Deutschland und Nordeuropa unter besonderer Berücksichtigung der wirtschaftsgeographisches Verflechtung, Kölner Forschungen zur Wirtschafts- und Sozialgeographie,
Bd 37, S. 185—234.
12. Steinbock, D. 2011, Inward FDI in Finland and its policy context, Columbia FDI Profiles, 30 December, available at: http://www. vcc. columbia. edu (accessed 30 December 2011).

13. World Investment Report 2011: Non-Equity Modes of International Production and Development, 2011, N. Y. — Geneva, UNCTAD.
14. Zimny, Z. 2010, Inward FDI in Poland and its policy context, Columbia FDI Profiles, 9 July, available at: http://www. vcc. columbia. edu (accessed 23 July 2010).
15. Zimny, Z. 2011, Outward FDI from Poland and its policy context, Columbia FDI Profiles, 24 June, available at: http://www. vcc. columbia. edu (accessed 8 September 2011).