Eastern European countries were opposed to FDI until the fall of the Berlin Wall between 1989 and 1991, which symbolized the end of the Cold War and allowed for free movement between East and West.
The Eastern European countries were opposed to FDI until the fall of the Berlin Wall between 1989 and 1991.
During this period, there were major political changes happening in Eastern Europe. The collapse of the Soviet Union led to a transition towards Western European ideals, including democratic governments, open market economies, private ownership, and the European Union (EU). The fall of the Berlin Wall symbolized the end of the Cold War and allowed for free movement between East and West, leading to a shift in the attitudes towards foreign direct investment (FDI).