Since the late 1980s, some countries belonging to the Eastern bloc started to revise their domestic policies in order to attract foreign investment, and thus, to spur their economies, which, having been deprived of modern know-how, and suffering permanent lack of capital, got bogged down in an acute crisis. One of the earliest signals that the policy of the East was on the point of a dramatic change was a set of bilateral investment treaties (BITs) which those countries concluded even before the collapse of the Soviet Union. This process continued after the change...
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