Globalization and the Integration-Assisted Transition in Central and Eastern European Economies

2007 ◽  
Vol 41 (2) ◽  
pp. 427-434 ◽  
Author(s):  
Aristidis Bitzenis ◽  
John Marangos
Keyword(s):  
Eastern European ◽  
European Economies

Reforming Eastern European economies

Energy Policy ◽  
1991 ◽  
Vol 19 (4) ◽  
pp. 407-408
Author(s):  
Graham Bird
Keyword(s):  
Eastern European ◽  
European Economies

International Trade and UK De-Industrialisation

2017 ◽  
Vol 242 ◽  
pp. R3-R13 ◽  
Author(s):  
Francesca Foliano ◽  
Rebecca Riley
Keyword(s):  
International Trade ◽  
Import Competition ◽  
Eastern European ◽  
The European Union ◽  
Advanced Economies ◽  
Manufacturing Sectors ◽  
Trade Regimes ◽  
Important Player ◽  
The Uk ◽  
European Economies

The past 25 years have been characterised by a surge in international trade as economies have become increasingly inter-linked. In many advanced economies this surge has been associated with increased import competition from low-wage economies. This paper explores the effects of such competition on manufacturing jobs in the UK. We consider two developments that influenced the nature of international trade: the ascendency of China as an important player in global markets and the accession to the European Union of a number of Eastern European economies in 2004. Both of these changes were associated with a shift in trade regimes and led to a sharp rise in import competition in particular UK manufacturing sectors. We find that these changes are likely to have hastened the decline of UK manufacturing.

Institutional Reform and Export Competitiveness of Central and Eastern European Economies

2016 ◽  
pp. 1402-1425
Author(s):  
Doren Chadee ◽  
Alex Kouznetsov ◽  
Banjo Roxas
Keyword(s):  
Corporate Governance ◽  
Competition Policy ◽  
Global Economy ◽  
Eastern European ◽  
The European Union ◽  
Institutional Reforms ◽  
Export Sector ◽  
Export Competitiveness ◽  
Eastern European Countries ◽  
European Economies

Following their political and economic independence in 1989, a group of ten Central and Eastern European countries (CEEs) embarked on major institutional reforms to modernise their economies in order to become an integral part of the global economy. This chapter provides an overview of the main institutional reforms undertaken in the CEEs and their effects on export competitiveness. The chapter focuses on selected meso and macro institutional reforms, namely price liberalisation, competition policy, trade and foreign exchange, privatisation, and corporate governance. The results show that institutional reforms in the CEEs were rapid and generally successful. All CEEs became members of the European Union (EU) and the World Trade Organization (WTO). Institutional reforms contributed significantly to improved efficiency and growth in the export sector. The results also suggest that further reforms are needed to improve competition policy and corporate governance, both of which are still below the standards found in Western industrialised countries.

Critical Junctures and the Politics of Institutional Adjustment

2018 ◽  
pp. 168-193
Author(s):  
Besnik Pula
Keyword(s):  
Political Economy ◽  
Czech Republic ◽  
International Market ◽  
The Political ◽  
Eastern European ◽  
Institutional Adjustment ◽  
Political Factors ◽  
Critical Junctures ◽  
Political Challenge ◽  
European Economies

This chapter demonstrates how political factors determined the path of postsocialist development and international market specialization in the 2000s. International market roles of individual economies built upon the cumulative advantages in transnational production Central and Eastern European economies gained during their socialist experience, but it was the political challenge of turning cumulative advantage into a sustained comparative institutional advantage that brought important gains in the capital, technological and skill base of the economy that concerned the politics of reform in the 1990s and 2000s. It was here that the interplay between industrial restructuring and reform of other institutions of the political economy came to matter. The chapter examines these policy patterns to show the divergent specialization of Hungary and Slovakia into an assembly platform, Czech Republic and Slovenia into an intermediate producer, and Bulgaria, Poland, and Romania into combined roles.

Financial depth and economic growth - the case of Hungary, the Czech Republic and Poland

2004 ◽  
Vol 54 (3) ◽  
pp. 297-321
Author(s):  
Katalin Mérő
Keyword(s):  
Economic Growth ◽  
Czech Republic ◽  
Financial Intermediation ◽  
Bank Loans ◽  
Eastern European ◽  
Financial Deepening ◽  
The Czech Republic ◽  
Catching Up ◽  
European Economies ◽  
The Relationship

The article focuses on the relationship between economic growth and financial intermediation, with special focus on the process of catching up in three Central and Eastern European economies: Hungary, the Czech Republic and Poland (CEC-3). The depth of financial intermediation and economic growth exhibit a close, direct relationship with each other. According to recent studies the relationship is causal and the level of financial development is a good indicator of future economic growth. Examining the relationship between the two factors is especially important for these Central and Eastern European economies, where the level of financial intermediation is very low compared to that of developed countries. The lack of financial deepening is even more pronounced taking into consideration that there is a significant catching-up process in every other areas of the economy. The initial proposition here is that in order to these countries catching up, their economic growth must necessarily be accompanied by a marked financial deepening, without which long-term economic growth is impossible. It is absolutely necessary that in the future the role of bank loans in these economies increases significantly and that a period characterised by a lending boom follows. The lending boom should occur in CEC-3 is not an unequivocal sign of imprudent lending or a supply-side expansion of bank loans - on the contrary, it should be viewed as complementary to the economic development at the given economic stage.

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