Investment Excitement in the East

No question about it, says Stephen Blum, a New York-based partner in corporate finance at KPMG Peat Marwick LLP, that over the next 10 years China and India will be more popular places for investment than eastern Europe. But in the short term, the next three or four years, once Germanys economy recovers, Russia and eastern Europe will be "hot" locations for global investment, he predicts.