The Middle-Income Trap in Central and Eastern Europe: Causes, Consequences and Strategies in Post-Communist Countries

✍ Scribed by Yaman Kouli; Uwe Müller (editors)

Publisher: Berghahn Books
Year: 2023
Tongue: English
Leaves: 306
Series: New Perspectives on Central and Eastern European Studies; 4
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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.

✦ Table of Contents

Contents
List of 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: Th e 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

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