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In other words, does FDI still follow a \ndouble track, that is, a quantitative increase coupled with \nstructural upgrading? Does FDI help these countries in \navoiding the “middle income trap”? The chapter finds that \nwith changes in the world economy, especially the onset of \nthe Great Recession and its aftermath, the CEE countries need \nto explore new ways to defend or redefine their place in the \ninternational division of labour. The chapter uses \nquantitative evidence, focusing on the past evolution of FDI \nand FDI policies. Its theoretical underpinning is derived \nfrom the locational advantages leg of the eclectic paradigm, \nand in the case of recent policy changes in Hungary, from the \npostulates of obsolescing bargain. The chapter analyses past \nfeatures in detail, as they provide the best available \nindicators for future performance. This is however not an \nexercise in extrapolation. In any case, the projection of \npast behaviour into the future is close to impossible due to \nthe fluctuation of FDI flows. In such a hypothetical \nextrapolation, it is difficult to justify the continuation of \nany trend. Instead, the chapter seeks to understand the main \ncharacteristics of the past in order to derive insights on \npossible future inward FDI trends in these 11 countries.", "digital" : null, "printed" : null, "sourceYear" : 2017, "foreignEdition" : true, "foreignLanguage" : true, "fullPublication" : true, "conferencePublication" : false, "nationalOrigin" : null, "missingAuthor" : false, "oaType" : "PAY", "oaCheckDate" : "2024-03-08", "oaFree" : false, "oaByAuthor" : { "otype" : "Author", "mtid" : 10004609, "link" : "/api/author/10004609", "label" : "Kalotay Kálmán (Világgazdaságtan)", "familyName" : "Kalotay", "givenName" : "Kálmán", "published" : true, "oldId" : 10004609, "snippet" : true }, "citationCount" : 24, "citationCountUnpublished" : 0, "citationCountWoOther" : 21, "independentCitCountWoOther" : 21, "nationalOriginCitationCount" : 8, "foreignEditionCitationCount" : 15, "doiCitationCount" : 12, "wosCitationCount" : 7, "scopusCitationCount" : 2, "wosScopusCitationCount" : 7, "wosScopusCitationCountWoOther" : 7, "wosScopusIndependentCitationCount" : 7, "wosScopusIndependentCitationCountWoOther" : 7, "independentCitationCount" : 24, "selfCitationCount" : 0, "unhandledCitationCount" : 0, "citingPubCount" : 24, "independentCitingPubCount" : 24, "citingPubCountWoOther" : 21, "independentCitingPubCountWoOther" : 21, "unhandledCitingPubCount" : 0, "citedPubCount" : 4, "citedCount" : 4, "hasCitationDuplums" : false, "userChangeableUntil" : "2017-03-31T22:53:03.000+0000", "publishDate" : "2016-12-31T23:53:03.000+0000", "directInstitutesForSort" : "", "ownerAuthorCount" : 1, "ownerInstituteCount" : 4, "directInstituteCount" : 0, "authorCount" : 1, "contributorCount" : 0, "book" : { "otype" : "Book", "mtid" : 3088548, "link" : "/api/publication/3088548", "label" : "Szent-Iványi Balázs. 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