The recent developments in Eastern Europe and the former Soviet Union are providing Western businesses with new opportunities and challenges as a potentially huge new market emerges. While most Western firms are busy debating the impact of the EC and how to develop their strategies to handle a single European market of 223 million people, they are often unaware of the emergence of the enormous opportunities available in Eastern and Central Europe and the former Soviet Union with a market of 400-500 million consumers. This market is untapped in almost all sectors. Not only consumers, but also the state owned organizations, cooperatives and the emerging private enterprises want Western goods and technologies. The Economics of Change in East and Central Europe increases our understanding of the strategic aspects of international business in Eastern Europe by gathering together specially commissioned readings by specialists in both the subjects and countries dealt with. This enables the material to be presented from the perspective of both the host countries and the major sources. It gives analytical insights into the workings of international business within this market by combining empirical and conceptual contributions. The Economics of Change in East and Central Europe gathers together for the first time an international analysis of this entire area in one book. It will be of interest to students and researchers of international business and marketing as well as to all business practitioners who have an interest in Eastern and Central Europe.