From the beginning of transition in 1989/90, the CEECs switched towards an ‘open economy’ model of economic development, and the evolving patterns of trade, industrial specialization and integration into cross-border production networks through foreign direct investment (FDI) have played a crucial role in structural changes and modernisation processes of CEECs’ economies. 2 However, the economic crisis and the rise of global competition from other, mainly Asian, emerging economies challenge the future sustainability of the development model adopted by CEECs. This triggers also questions about an appropriate policy mix to foster competitiveness via trade and FDI. Against this backdrop, research in this work package provides an update of the role and further potential of internationalization processes for the region’s economic cohesion and growth.
|Status||Udgivet - 2015|