Stock of FDI, euro bn right scale; rate of growth left scale
70
60
50
40
30
20
10
0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
F. Sachwald/ June. 2005
NMC-8
NMC-8 grow th rate
160
140
120 100
80 60 40
20
0
8
Main investors in NMC-8 in2002 FDI stock in % of total in host countries
Lituania
Latvia
Estonia
Slovenia
Germ any France
F. Sachwald/ June. 2005
NMC-8 50 40 30 20 10 0
Czech Rep.
Slovakia
Hungary
Poland
Sweden Aus tria
US
9
Evolution of the Specialization ofNMCs. 1
Traditional specialization of European peripheral countries in labor-intensive and low-tech activities.
1990s: NMCs have evolved towards more high-skilled and scale-intensive products.
Relation with FDI from EU15: 1993-2003 increasing vertical intra-industry and intra-firm trade with NMCs.
F. Sachwald/ June. 2005
10
Evolution of the Specialization ofNMCs. 2
Indicator of specialization of NMC10 in their trade with EU15
Furniture & parts Motor vehicles Internal combustion piston engines Telecommunication equipment Television receivers Equipment for distributing electricity Wood manufacture Automatic data processing machines Wood simply worked Women's clothing