Introduction: Europeanization and financial crisis in the Baltic Sea region: implications, perceptions and conclusions ten years after the collapse

Pataccini, Leonardo; Kattel, Rainer; Raudla, Ringa

doi:10.1080/01629778.2019.1681126

Cited by 6 publications

(1 citation statement)

References 12 publications

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“…Yet, one should be careful about inferring the convergence of these two growth regimes (cf. Pataccini et al, 2019). While the V4 still relies on manufacturing, the shift of the Baltics to export-led growth has "occurred by default rather than design" (Bohle & Regan, 2022, p. 344) and represents the result of weaker import demand in the context of stagnant growth (Kohler & Stockhammer, 2022) as well as repressive fiscal adjustments.…”

Section: Features Of the Eu-leash: Eu Influence Over Cee Gmsmentioning

confidence: 99%

The “EU‐Leash”: Growth Model Resilience and Change in the EU’s Eastern Periphery

Medve-Bálint,

Szabó

2024

PaG

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Although the EU’s Eastern periphery has been afflicted by a series of crises over the past two decades, the region’s dependent market economies have shown puzzling resilience. Since the global financial crisis, the FDI-led, export-oriented growth models of the Visegrád countries have been reinforced. Meanwhile, the debt-based, consumption-oriented capitalism of the Baltic states has not experienced dramatic shifts either, despite a strengthening of its export component. Scholarly accounts from a comparative political economy perspective explain this resilience as the product of country-specific factors and tend to downplay the role of external influence. Instead, we aim to bridge these approaches with international political economy scholarship by arguing that European integration, in general, and the EU’s transnational regulatory influence, in particular, serves as an external anchoring mechanism for both semi-peripheral growth models. In addition to the region’s structural characteristics, such as deep embeddedness in global value chains, high exposure to trade with the EU, and dependence on external sources of finance, which already limit domestic agency in changing national growth models, we argue that European transnational regulatory integration involves an “EU-leash” that sets the boundaries for domestic economic policies, thereby influencing growth model trajectories. This ensures institutional continuity and prevents sudden and radical changes in semi-peripheral growth models. We demonstrate these mechanisms through two country studies (Estonia and Hungary).

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Section: Features Of the Eu-leash: Eu Influence Over Cee Gmsmentioning

confidence: 99%

The “EU‐Leash”: Growth Model Resilience and Change in the EU’s Eastern Periphery

Medve-Bálint,

Szabó

2024

PaG

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Europeanisation as a driver of dependent financialisation in East-Central Europe: insights from the Baltic states

Pataccini

2021

New Political Economy

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Geographies of quiescence? Social movements, panoramas of struggle and Baltic austerity politics

Salyga

2023

Journal of Contemporary Central and Eastern Europe

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Introduction: Europeanization and financial crisis in the Baltic Sea region: implications, perceptions and conclusions ten years after the collapse

Cited by 6 publications

References 12 publications

The “EU‐Leash”: Growth Model Resilience and Change in the EU’s Eastern Periphery

The “EU‐Leash”: Growth Model Resilience and Change in the EU’s Eastern Periphery

Europeanisation as a driver of dependent financialisation in East-Central Europe: insights from the Baltic states

Geographies of quiescence? Social movements, panoramas of struggle and Baltic austerity politics

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