direct investment, the reasons for which can be seen below.
             "For the last two decades, the Hungarian government has tried to attract foreign direct investment (FDI) to fuel several drives: (1) for greater integration into the world economy; (2) for increased technological development; and (3) for decreasing its US $20 billion foreign debt (Blue Ribbon Commission, Project Hungary, 1990). To attract foreign investment, the government has offered incentives that put a foreign owner or joint venture with a foreign partner at a competitive advantage over a 100 percent Hungarian firm, privately or state owned. Hungary's competitive advantage stems from a foreign-investment tax holiday, the ability to take profits in hard currency, relaxed import-export restrictions, and liberal labor laws, although some foreign investors such as General Electric have encountered serious problems linked to exchange rates and labor redundancy" (Bangert, 1994).
             Eastern Europe is a large market potential for Wester
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