Policy challenges of FDI -- The changing landscape of FDI in Europe / Klaus Liebscher -- FDI : a driver for and a result of private sector development / Manfred Schepers -- The contribution of taxation to European competitiveness, growth and employment / László Kovács -- Who bears the risks of FDI financing? : selected views of the EIB / Ivan Pilip -- Finance in transition : banks at the vanguard of foreign direct investors / Erik Berglöf and Samuel Fankhauser -- Economic and monetary challenges of euro area enlargement / Jürgen Stark -- A special academic perspective on FDI -- Measuring the impacts of FDI in Central and Eastern Europe / Robert E. Lipsey -- Part I. Home and host country effects of FDI -- The role of FDI in transition / Josef Christl -- Foreign direct investment spillovers in emerging market economies / Yuriy Gorodnichenko, Jan Svejnar and Katherine Terrell -- The role of FDI in Eastern Europe and New Independent States : new channels for the spillover effect / Irina Tytell and Ksenia Yudaeva -- Blessing or curse? : an industry-level analysis of FDI effects on productivity and wages in CEECs / Jesús Crespo Cuaresma [and others] -- How do FDI inflows affect the productivity of domestic firms? : the role of horizontal and vertical spillovers, absorptive capacity and competition / Marcin Kolasa -- Home country spillovers of FDI : some results and discussion of estimation issues / Priit Vahter and Jaan Masso -- Effects of FDI on industry structure : a host country perspective / Katja Zajc Kejzar -- Part II. Where is FDI going? : global trends and patterns -- Why FDI? : re-inventing economic geography in times of globalization / Peter Mooslechner -- Recent FDI trends : implications for investment policy / Blanka Kalinova -- Trends in FDI : the Austrian perspective / René Dell'mour -- Is China's FDI coming at the expense of other countries? / Barry Eichengreen and Hui Tong -- FDI in services : recent developments and prospects in Europe / Arjan Lejour -- Outward FDI from new European Union member states / Marjan Svetlicic and Andreja Jaklic -- Part III. How to attract sustainable investment : theory and practice -- The determinants of FDI in Central, Eastern and South-Eastern Europe : lessons from the past and prospects for the future / Laura Resmini -- How to make FDI in Central and Eastern European countries sustainable / Christian Bellak and Markus Leibrecht -- Does FDI help development? : the good, the bad, the surprising and the mistaken : policy issues for developed countries, developing countries and multilateral lending institutions / Theodore H. Moran -- The most FDI-intensive economy in Europe : analysis of the Irish experience and current policy issues / Frank Barry -- Attracting sustainable FDI and building a knowledge-based economy : the case of CzechInvest / Jakub Mikulasek.