Description
Book SynopsisWill the manufacturing industry in east-central Europe survive when the host countries join the European Union? This controversial book challenges the assumption, made by the European Commission, that industries in transitional economies should have little difficulty establishing and maintaining a competitive position after entry into the European Union.
The analysis focuses on Hungary, Poland, the Czech Republic, Slovakia and the former east Germany. Issues discussed include:
- changes in economic structures, the transformation of enterprises and financial restructuring
- levels of competitiveness in the countries, the region and internationally
- industrial policy in the region
- levels and nature of investment
- limits and sources of growth
- integration into western Europe
- dangers of over-hasty harmonization of macroeconomic conditions with the European Union
The authors conclude that although the basic structures of a market economy are firmly established, the transition has not encouraged the development of more advanced industrial activities. They strongly suggest that there should be an active policy framework, based on international experience, specifically geared towards improving the international competitiveness of industry in east-central Europe.
Trade Review'On the whole, it is an excellent book. Very useful for Indian policymakers, analysts, and industries.' -- Y.S. Rajan, Journal of Scientific and Industrial Research
'The studies included in this volume are rich not only in relevant statistics and overviews of recent trends, but also in important insights and far-reaching conclusions. This work is undoubtedly an important contribution to our understanding of post-communist transformation, and provides guidance for thinking about the future. Policymakers at national and EU levels thus should also consider the book as a valuable source for shaping policies for sustainable growth in Central-Eastern Europe.' -- Zoltan Antal-Mokos, Journal for East European Management Studies
Table of ContentsContents: Preface 1. The Tigers of Tomorrow? Structural Change and Economic Growth in East-Central Europe 2. Competitiveness in East-Central Europe 3. The Macroeconomics of Structural Transformation 4. Financing Enterprise Restructuring 5. Investment and Restructuring 6. Towards a Competitiveness Policy in Slovakia 7. The Transformation of Czech Enterprises 8. Innovation and the East German Transformation 9. Are the Transformations Complete?
