How Accession To The European Union Has Affected External Trade And Foreign Direct Investment In Central Europe Economies
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Author | : Bartłomiej Kamiński |
Publisher | : World Bank Publications |
Total Pages | : 50 |
Release | : 2001 |
Genre | : Europe |
ISBN | : |
Download how accession to the european union has affected external trade and forigen direct investment in central european economics Book in PDF, Epub and Kindle
During the Central European countries' reintegration into the world economy, their proximity and accession to the European Union greatly affected first the flow of capital and then the flow of goods. Countries that adopted radical liberal reform and had preferential access to EU markets have benefited most, attracting foreign direct investment and drawing multinational corporations relocating their production sites.
Author | : Bartlomiej Kaminski |
Publisher | : |
Total Pages | : 44 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central European Economies Book in PDF, Epub and Kindle
During the Central European countries' reintegration into the world economy, their proximity and accession to the European Union greatly affected first the flow of capital and then the flow of goods. Countries that adopted radical liberal reform and had preferential access to EU markets have benefited most, attracting foreign direct investment and drawing multinational corporations relocating their production sites.The collapse of central planning set in motion the reintegration of the Central European countries into the world economy. The European Union, because of its proximity, economic weight, and policy-induced deep integration, has shaped these countries' politics and economics. The process of accession to the EU - which began with the signing of the European Association Agreements in 1991 - has influenced their economic institutions, policies, and performance.Kaminski traces the emerging architecture of commercial relations in Europe and argues that the accession process had its greatest impact first on capital flows and later on goods flows.The countries that have benefited most from accession are those that followed the path of radical liberal reform. Radical liberal reform, combined with preferential access to EU markets, attracted foreign direct investment.The European Union provided an outlet initially for Central European countries' unskilled-labor-intensive products and more recently for skilled-labor-intensive and technology-based products.Knowledge-intensive imports from the European Union have also contributed to industrial realignment in the Central European countries. The prospect of accession and, since 1998, unfettered access to EU markets for industrial products has given a boost to multinationals relocating production in these countries.An earlier version of this paper - a product of Trade, Development Research Group - was presented at the quot;Prague 2000 Accessionquot; session at the annual meetings of the International Monetary Fund and World Bank in Prague in September 2000. The author may be contacted at [email protected].
Author | : Bartłomiej Kamiński |
Publisher | : |
Total Pages | : 43 |
Release | : 2001 |
Genre | : Europe |
ISBN | : |
Download How Accession to the European Union Has Affected External Trade and Foreign Direct Investment in Central Europe Economies Book in PDF, Epub and Kindle
Author | : Bartlomej Kaminski |
Publisher | : |
Total Pages | : 43 |
Release | : 2001 |
Genre | : Union Europea |
ISBN | : |
Download How accession to the European Union has affected external trade and foreign direct investment in Central European Economics Book in PDF, Epub and Kindle
Author | : Jan Angenendt |
Publisher | : Diplomica Verlag |
Total Pages | : 65 |
Release | : 2011-06 |
Genre | : Business & Economics |
ISBN | : 3842858965 |
Download Foreign Direct Investment in Central Europe and Differences in Transition Between Post-communist Central European Economies Book in PDF, Epub and Kindle
The transition process from a centrally planned to a market economy followed a very different path in East Germany compared to all other former communist countries. The German Democratic Republic acceded the Federal Republic of Germany in 1990, while other former socialist countries in Central and Eastern Europe (CEE) had to start from square one after becoming independent from the USSR. In contrast to other post-soviet countries, East Germany subsequently received massive transfers from the Western part of the country. A significant part of these transfers was invested into infrastructure improvement, while a larger share was spent for consumption, raising the purchasing power in the East of Germany, allowing it to sustain a higher wage level and living standard than would have been economically possible without aid from the West. Twenty years after the breakdown of the iron curtain and the reunification of Germany, the infrastructure in the Eastern part of the country is en par with the West. The East German wage level remains only slightly lower than the Western level (as does productivity), but is significantly higher than in neighbouring post-communist CEE-countries. Because of these differences in economic transition, it can be expected that East Germany attracts a different kind of foreign direct investment compared to other CEE-countries. The objective of this dissertation is to empirically identify the factors affecting foreign direct investment into the region and to discuss the implications of the empirical findings for regional and national economic policy. The "region" is represented in this book by East Germany and three of its Central-European neighbour-countries, the Czech Republic, Poland and Hungary.
Author | : |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 1999-01-01 |
Genre | : Political Science |
ISBN | : 9780821345184 |
Download The Role of Foreign Direct Investment and Trade Policies in Poland's Accession to the European Union Book in PDF, Epub and Kindle
This study examines the role of Foreign Direct Investment (FDI) and trade policies with regard to Poland's accession to the EU. It also discusses developments in foreign trade, market access for Polish products, and foreign trade institutions and policies. It outlines the premises of a strategy that would assist Poland in its aim for accession. This publication is a Technical Paper sponsored by the Poverty Reduction and Economic Management Network of the World Bank's Europe and Central Asia Division. It is part of a comprehensive series regarding the many important factors that influence European Union (EU) accession in the Central and East European countries (CEEC). The topics in the series cover both the social and economic aspects of accession across a broad range of sectors. The series also provides background information for specific acceding countries. These publications will be of interest to EU member and candidate countries, their ministries, and any one studying the accession issue.
Author | : NA NA |
Publisher | : Springer |
Total Pages | : 230 |
Release | : 2016-04-30 |
Genre | : Science |
ISBN | : 1349629421 |
Download The Return To Europe Book in PDF, Epub and Kindle
The Return to Europe examines the ability of the Central and South-east European economies to withstand competitive pressures on entry to the EU. These economies are still experiencing major structural problems inherited from communism. A major gap still exists between the income levels and economic structures of the accession states and the existing members of the EU. Trade relations largely involve the exchange of labour-intensive goods produced in Eastern Europe for technology-intensive goods produced in the EU. The export structures of some Central European economies which have attracted foreign direct investment is improving. Romania and Bulgaria have become increasingly dependent on export of labour-intensive goods since the collapse of communism. Will this create a permanent division of labour in an enlarged EU in which some regions of Europe fail to attract investment and become dependent on the export of low-wage goods, with implications for European security?
Author | : Mr.Alexander Repkine |
Publisher | : International Monetary Fund |
Total Pages | : 35 |
Release | : 1998-10-01 |
Genre | : Business & Economics |
ISBN | : 1451923279 |
Download European Trade and Foreign Direct Investment U-Shaping Industrial Output in Central and Eastern Europe Book in PDF, Epub and Kindle
We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced Schumpeterian (vertical) waves of product innovation. The growth of non-EU-oriented output within sectors is modeled as unobservable deterministic heterogeneity. The results indicate that the gap observed in industrial output performance when comparing Eastern European to former Soviet countries is mainly explained by the inherited presence of EU-oriented production and its unconstrained growth over the transition period.
Author | : John P. Hardt |
Publisher | : Routledge |
Total Pages | : 915 |
Release | : 2016-09-16 |
Genre | : Business & Economics |
ISBN | : 1315481758 |
Download East-Central European Economies in Transition Book in PDF, Epub and Kindle
This volume makes JEC-commissioned expert studies of economic developments in East-Central Europe available to business people, educators and students. Coverage includes economic, political and social reform issues, regional relations, and the impact of Western assistance programmes.
Author | : Jan Drahokoupil |
Publisher | : Routledge |
Total Pages | : 257 |
Release | : 2009 |
Genre | : Business & Economics |
ISBN | : 0415466032 |
Download Globalization and the State in Central and Eastern Europe Book in PDF, Epub and Kindle
This book examines the transformation of the state in Central and Eastern Europe since the end of communism and adoption of market oriented reform in the early 1990s, exploring the impact of globalization and economic liberalization on the region’s states, societies and political economy. It compares the different policies and national strategies adopted by key Central and Eastern European states, including the Czech Republic, Poland, Hungary and Slovakia, showing how initial internally oriented strategies of market reform, privileging domestic sources of investment, had by the late 1990s given way to externally oriented strategies emphasising the promotion of competitiveness by attracting foreign investment. It explores the reasons behind this convergence, considering the influence of internal and external forces, and the roles of interests, institutions and ideas. It argues that internationalization of the state is forged in the processes through which domestic groups linked to transnational capital attain domestic influence necessary to shape state policy and strategy. These groups — the comprador service sector in particular — constitute and organize political, social and institutional support of the competition state in the region. Overall, this book not only provides a detailed account of the political economy of post-communist transformation in Central and Eastern Europe, but also the processes by which states adapt to the forces of globalization.