2022
DOI: 10.17649/tet.36.3.3439
|View full text |Cite
|
Sign up to set email alerts
|

FDI-based regional development in Central and Eastern Europe: A review and an agenda

Abstract: This review article reflects on thirty years of FDI-dependent development in Central and Eastern European regions (with a special emphasis on the Visegrad countries). The modernisation potential of FDI-led European integration is examined from a critical and comparative perspective. The authors argue that the FDI-led “Dependent Market Economy” (DME) model has fallen short of its anticipated modernisation potential, while other, potentially lucrative development alternatives have been neglected. While early-sta… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

2
11
0
1

Year Published

2022
2022
2024
2024

Publication Types

Select...
9

Relationship

1
8

Authors

Journals

citations
Cited by 17 publications
(14 citation statements)
references
References 62 publications
2
11
0
1
Order By: Relevance
“…While there is no strict definition of EM, they are generally characterized by certain features such as stable market access, advancements towards middle‐income levels and government policies promoting economic liberalization (Duttagupta & Pazarbasioglu, 2021). Considering this, policy‐makers in EM have seen FDI as a means to fund development, enhance productivity and bring in new technologies (Arbatli Saxegaard, 2011; Elekes et al, 2019; Gal & Lux, 2022). To this end, we used the amount of foreign capital invested in the equity of companies established within a given year as a proxy FDI.…”
Section: Datamentioning
confidence: 99%
“…While there is no strict definition of EM, they are generally characterized by certain features such as stable market access, advancements towards middle‐income levels and government policies promoting economic liberalization (Duttagupta & Pazarbasioglu, 2021). Considering this, policy‐makers in EM have seen FDI as a means to fund development, enhance productivity and bring in new technologies (Arbatli Saxegaard, 2011; Elekes et al, 2019; Gal & Lux, 2022). To this end, we used the amount of foreign capital invested in the equity of companies established within a given year as a proxy FDI.…”
Section: Datamentioning
confidence: 99%
“…decentralization without equalization and perequation mechanisms, favors businesses in prosperous regions and not the traditional small business class in peripheral regions. Neo-mercantilist policies grounded in the same levers of growth produce a race-to-the-bottom by offering generous tax incentives and subsidies to attract inward capital, prioritizing business interests at the expense of local governments and the local population (Gál & Lux, 2022). This is increasingly evident in the prioritization of mega investments in the newly designated "special economic zones" (Government Decree no.…”
Section: Theoretical Backgroundmentioning
confidence: 99%
“…The countries of the region have begun their transition from the traditional to the new economy, but most of them are stuck somewhere in-between (Szakálné Kanó & Lengyel, 2021;Zsibók & Páger, 2021). FDI-based economic development has not produced substantial (knowledge-based) catching-up, prompting a cautious revision of the model (Gál & Lux, 2022).…”
Section: Introductionmentioning
confidence: 99%