The Central and Eastern European Countries (CEEC) acknowledge foreign direct investment (FDI) as an essential tool in the development and modernization of their economies. Attracting foreign investment has become a key component of national strategies for many Central and Eastern European Countries.
This study has descriptive character and utilizes archival data (1960-2006) from the following sources: United Nations Conference on Trade and Development (UNCAD), United Nations Economic Commission for Europe (UNECE), World Investment Reports, as well as other selected databases. The most of the statistics related to Poland come from the Polish Information and Foreign Investment Agency (PAIiIZ).
This study discusses a global aspect of foreign direct investment (FDI), and deals with the foreign direct investment in the Central and Eastern Europe focusing on a economic stability and FDI inflow.
The following macroeconomic indicators were used to discuss economic stability and assess economic outcomes in the CEE transforming economies; GDP per capita, GDP growth rate, unemployment, inflation rate and foreign trade.
The important part of this study relates to FDI inflows in the CEE between 1990 and 2005. The size of FDI inflows to transitioning CEE economies were impressive. Poland, Hungary, and the Czech Republic have become the most attractive destination for foreign investments. From 1990-2000, and in 2004, Poland was the leader in FDI compared to the other CEE countries.
The section which focuses on Poland provides a description of business environment and current FDI trends in Poland. It describes the factors influencing the inward FDI in Poland, such as: economic stability, cost of labor, EU membership, regulatory framework. It presents the current FDI trends in Poland, such as: number of foreign firms, geographic origin of inward FDI, inward vs. outward FDI,  inward FDI as a percentage of GDP, inward FDI stock as a percentage of GDP.
The last part of this study is trying to investigate the GDP and FDI stock link using a correlation index. The positive correlation index indicates the association between GDP and FDI stock in all CEE countries including Poland.
Future research will focus on the impact of inward FDI stock on economic growth in Poland. To analyze the impact of the FDI stock on output growth in the Polish economy, a model of the economic growth based on the production function will be used. The model will verify the hypothesis that FDI stock, in comparison with other factors  such as: labor, capital and export, constitutes an essential factor stimulating sustained economic growth in the Polish economy.
KEY WORDS
Globalization, FDI, Transition Economies