Countries in Central, Eastern and South Eastern Europe have been hit hard by the global crisis. There is a need to rethink the growth model because a return to thestatus quo antedoes not seem realistic.

The governance of foreign investments lies in an institutional gap at the international level. In addition to the fact that there is no mandatory multilateral regulatory framework on the subject, the World Trade Organization (WTO) is passing through a crisis that rules out any negotiation in...