Internationalization and Foreign Direct Divestment Flows in Central and Eastern European Economies

Abstract

G lobalization has given rise to the critical concept of firm internationalization, resulting in a boundaryless world. Numerous studies have been conducted on the determinants of foreign direct di-vestment (FDD) in European countries. However, there is a lack of research on FDD in the Central and Eastern European countries (CEE). Therefore, it can be concluded that studies focusing on the inter-nationalization of firms, particularly those owning and operating units in foreign locations, are necessary. Multinational companies that own and operate units in CEE countries are considered drivers of inter-nationalization and globalization. These companies promote interdependence between CEE countries, playing a crucial role in the globalization process of their economies.