Money trouble

Article Abstract:

Few Western firms are conducting business with the USSR because of its political and economic problems, but some Western firms are willing to take the risk and find opportunities. The lure is the USSR's large supply of raw materials, production potential, and developable expertise. The Ministry of Finance has registered nearly 3,000 joint ventures, but only about 10% to 15% of the joint ventures are considered to be active. The most successful joint ventures are those in the businesses services and computer industries, but most joint ventures have had little effect on the economy in the USSR. Other problems of conducting business with the USSR include the lack of an effective auditing system, the practice of registering joint ventures in individual republics, and the increased instances of late payments or defaults by companies in the USSR.

Economic aspects, Joint ventures, Corporations, Corporations, Soviet

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From Russia with caution

Article Abstract:

The uncertain political climate that currently prevails in the Soviet Union is making potential Western investors adopt a wait-and-see attitude. This cautious stand is mainly due to foreign investors' lack of confidence in the ability of the Soviet Union to act as a reliable trading partner, considering the deplorable economic state of many of its industries. However, Soviet businesses should be given the chance to learn to survive in the competitive world market, and the foreign investors who would be willing to extend their assistance in carrying out this difficult and risky endeavor may find benefits surpassing their initial expectations.

Analysis, Foreign investments, Investments, Beliefs, opinions and attitudes, Industrialized countries, Investors, Industrial nations

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EBRD: a new banking hybrid

Article Abstract:

The European Bank for Reconstruction and Development (EBRD) was established in Apr 1991 to help Eastern European countries make the transition from centralized to market-driven economies. The EBRD is unique in that it is approaching economic development from both a practical and a theoretical perspective. In a practical sense, the EBRD is examining the need for structural change, while in a theoretical sense, the organization is taking a pan-European approach. EBRD Chmn Jacques Attali plans to view the development of Eastern Europe from a macroeconomic perspective and encourage the private sector to become a co-investor in the development.

Management, Eastern Europe, European Bank for Reconstruction and Development, Development banks, Attali, Jacques, Europe, Eastern

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