“…Indeed, cursory evidence has shown that FDI flows into some southern European countries have declined during the 1990s, even if it has not been proven that the East receives what would otherwise flow to the South (see, for instance, Buch et al, 2001). However, some CEECs are in a better position than Portugal, Spain or Greece as regards host country characteristics that motivate an entrepreneur's decision to invest abroad, as shown, for instance, by Crespo et al (2004), based on data from the Institute for Management Development, for the cases of the Czech Republic and Hungary.…”