Multinational investment in Poland thus far has been mini mal. There are two major reasons for multinational reluctance. First, the timid approach of western governments has caused 4multinationals to be concerned about the probability of the ultimate success of Poland's economic reforms. Second, western multimationals had assumed that they would be able to (1) acquire Policy entreprises at fire sale prices, and (2) they would be able to coerce Polish workers to make major conces sions, as occurred in the Reagan Recession in the United States in the early 1980s. Neither of these anticipated outcomes have occurred. First, Poland is demanding more relaistic prices for its state owned enterprises than the miltinationals have, in most instances, been willing to pay. Second, faced with a mas sive loss of purchasing power as a consequence of the economic reforms thus far introduced, Polish workers are digging in their heels at multinational demands for concessio
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