CENTRAL AND EASTERN EUROPE
Hungary
Join ventures to local companies
low cost of highly skills
Proffesional labour
MNCs make direct investments
Electric company
Rusia
Grow poverty declines and the middle class expands
International Monetery fund (IMF) is helping to rais GDP,decreaces inflation
created from the initial attempt at transitioning to a market based on economy
Has painfully slow economic recovery and man recurrent problems
Growing crime /High risks
Western style business courses/MBA programs (preparation trend globalization)
The key
Maintain social order
Establish the rule of law
Rebuild and collapsed infrastructure
Get Factories and get other value added
Job producing firms up and running
Albania
Start from zero
Industrial output initially fell over 60% percent and inflation 40% percent.
But still struggle but slowly making progress
Poland
Head start on the other former communist bloc-countries
Radical economic reforms and difficult relatively transition
Inflation initially
countuining unemployment
Poland economy relative well
Decline republic services