Synthesis Report: WP2. International Context of Cohesion: The Role of Trade and FDI

Károly Attila; János Gács; Gabor Hunya; Björn  Jindra; Magdolna Sass

Synthesis Report: WP2. International Context of Cohesion: The Role of Trade and FDI

Károly Attila, János Gács, Gabor Hunya, Björn Jindra, Magdolna Sass

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Abstract

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.

Original language	English

Place of Publication	Warszawa
Publisher	GRINCOH
Number of pages	79
Publication status	Published - 2015

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title = "Synthesis Report: WP2. International Context of Cohesion: The Role of Trade and FDI",

abstract = "From the beginning of transition in 1989/90, the CEECs switched towards an {\textquoteleft}open economy{\textquoteright} 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{\textquoteright} 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{\textquoteright}s economic cohesion and growth.",

author = "K{\'a}roly Attila and J{\'a}nos G{\'a}cs and Gabor Hunya and Bj{\"o}rn Jindra and Magdolna Sass",

year = "2015",

language = "English",

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address = "Poland",

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TY - RPRT

T1 - Synthesis Report

T2 - WP2. International Context of Cohesion: The Role of Trade and FDI

AU - Attila, Károly

AU - Gács, János

AU - Hunya, Gabor

AU - Jindra, Björn

AU - Sass, Magdolna

PY - 2015

Y1 - 2015

N2 - 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.

AB - 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.