Vanderbilt Journal of Transnational Law


Anne D. Waters

First Page



A major obstacle encountered by the formerly Communist states of Central and Eastern Europe as they convert to market economies is the lack of necessary capital. To raise that capital, these states are largely dependent on foreign investors. Inadequate protection of intellectual property in the formerly Communist states, however, may deter foreign investment. This Note examines Central and Eastern Europe's need for capital and the effect that the quality of intellectual property protection may have on its ability to obtain capital. The Author concludes that, in order for the new economies to survive, not only must the states of Central and Eastern Europe continue to reform their intellectual property laws, but Western investors must be willing to commit resources now to encourage and assist the development of Central and Eastern Europe.