Confinement in nanostructures with (some of the) linear dimensions sma
ll compared to the exciton radius provides a possibility of enhancemen
t of both the binding energy and the oscillator strength of excitons.
Moreover in such structures the possibility arise of controlling the s
trength of Coulomb interaction, responsible for binding of electron an
d hole to the exciton, by combining materials for the structure with e
ssentially different values of dielectric constants. Transformations o
f Wannier-Mott excitons which are dependent on both of these factors -
confinement geometry and dielectric constants ratio -, their optical
manifestations and similar trends in many body phenomena, including el
ectron-hole liquid formation, will be discussed.