
The Middle-Income Trap in Central and Eastern Europe
Causes, Consequences and Strategies in Post-Communist Countries
- 322 pages
- English
- PDF
- Available on iOS & Android
The Middle-Income Trap in Central and Eastern Europe
Causes, Consequences and Strategies in Post-Communist Countries
About this book
Since the 1990s, the economic development of Central and Eastern Europe has maintained high economic growth rates, seemingly leading to an era of prosperity. This very positive vision of future economic success, linked to current political backlash and a long history of economic adversity, is a thin veil of the economic "way west" for so-called transition countries. The Middle-Income Trap in Central and Eastern Europe examines the reality of the diminishing marginal utility of further international investments alongside the pitfalls of higher government spending to cultivate innovation which ultimately makes foreign capital less attractive. In this volume authors from diverse disciplinary perspectives reflect on current debates surrounding the developmental bottlenecks in East-Central Europe. Their common goal is to analyze the manner of socio-economic transformation, question of the relevance and impact of the "middle-income trap" and identify possible ways to escape it.
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Table of contents
- The Middle-Income Trap in Central and Eastern Europe
- Contents
- Illustrations
- Preface
- Abbreviations
- Introduction — Transformation of the Transformation? The Middle-Income Trap and the Search for a New Development Strategy in the Post-Communist States of Central and Eastern Europe
- Part I — Historical Legacies
- Chapter 1 — Poland’s Communist Heritage and Its Impact on Post-1990 Economic Development
- Chapter 2 — Institutional Development and Growth as Outputs of Early Transition Policies
- Part II — Development Strategies on the Economic, Entrepreneurial and Individual Level
- Chapter 3 — The Middle-Income Trap and Its Narrow Escape Hatches: Dependent Development and FDI-Led Growth in Romania
- Chapter 4 — Between Domestic Entrepreneurship and Global Technology Chains: Upgrading Paths of Two Large IT Firms from Poland
- Chapter 5 — The Value of Return Migration: The Case of Bulgaria
- Part III — The Impact of European Integration
- Chapter 6 — The Winners and Losers of Economic Openness: Eastern Europe’s Growth Path Post-1989
- Chapter 7 — Developmentalist Illusion? EU Cohesion Policy, Dependent Development and the State in East Central Europe
- Chapter 8 — East-Central Europe: The Eternal Periphery of the EU?
- Chapter 9 — Cohesion Policy for Escaping the Middle-Income Trap
- Conclusion and Outlook
- Index