[PDF] The Middle Income Trap In Central And Eastern Europe eBook

Author : Yaman Kouli
Publisher : Berghahn Books
Page : 258 pages
File Size : 14,96 MB
Release : 2023-11-10
Category : Political Science
ISBN : 1805393952

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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.

Author : László Mátyás
Publisher : Springer Nature
Page : 610 pages
File Size : 19,6 MB
Release : 2022-03-11
Category : Business & Economics
ISBN : 3030939634

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This edited volume examines the development path of eight Central and Eastern European countries with an overlapping historical background that joined the European Union between 2004 and 2013, and identifies the main similarities and differences between the countries concerned. Based on wide comparative data analysis of Bulgaria, Croatia, The Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia, each chapter in the volume provides detailed information about the state of the economy in a specific area preceding the pandemic shock. The book offers a detailed snapshot of the state of the different areas of the economy, starting from the time when the countries concerned came out of the 2008 financial crisis, up to the date when COVID-19 hit. Further, each chapter analyzes the effects of this unprecedented shock on a particular field, which is followed by highlighting the main problems the countries are facing at present and in the near future, together with identifying the available policy options. Finally, before concluding and making general and country-specific policy recommendations, some thoughts will be given to longer-term prospects. More specifically, the question of how the subject area could contribute to avoiding the "middle-income-trap" that this region may be facing will be addressed. The comprehensive approach makes this volume a must-read for scholars and students of economics, as well as policy decision-makers in Europe, interested in a better understanding of the region's economic development.

Author : László Mátyás
Publisher :
Page : 0 pages
File Size : 35,91 MB
Release : 2022
Category :
ISBN : 9783030939649

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This edited volume examines the development path of eight Central and Eastern European countries with an overlapping historical background that joined the European Union between 2004 and 2013, and identifies the main similarities and differences between the countries concerned. Based on wide comparative data analysis of Bulgaria, Croatia, The Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia, each chapter in the volume provides detailed information about the state of the economy in a specific area preceding the pandemic shock. The book offers a detailed snapshot of the state of the different areas of the economy, starting from the time when the countries concerned came out of the 2008 financial crisis, up to the date when COVID-19 hit. Further, each chapter analyzes the effects of this unprecedented shock on a particular field, which is followed by highlighting the main problems the countries are facing at present and in the near future, together with identifying the available policy options. Finally, before concluding and making general and country-specific policy recommendations, some thoughts will be given to longer-term prospects. More specifically, the question of how the subject area could contribute to avoiding the "middle-income-trap" that this region may be facing will be addressed. The comprehensive approach makes this volume a must-read for scholars and students of economics, as well as policy decision-makers in Europe, interested in a better understanding of the region's economic development.

Author : Kamil Pruchnik
Publisher :
Page : 29 pages
File Size : 20,70 MB
Release : 2017
Category :
ISBN :

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The aim of this paper is to analyze how different models of transformation in Central and Eastern Europe (CEE) and the Commonwealth of Independent States (CIS) increased or decreased the risk of being stuck in the middle-income trap (MIT). The key finding is that the CEE and CIS countries are, from a definition point of view, not materially at risk of the MIT as out of nine selected MIT definitions, none of the CEE or CIS countries were “stuck” more than three times. At the same time, the CEE countries are more at risk of falling into the MIT than the CIS countries; however this is because the CIS is a poorer region and is not near the lower MIT thresholds. The CEE countries had a better start at the beginning of the transformation and on average implemented a better set of transformation models; however, some CEE countries are now struggling to permanently join the advanced countries and CIS countries are, on average, far behind that. The literature review on transformation models and the analysis of the “jumps” in the World Bank ranking classification suggest that while the MIT is not a concern for CEE or CIS countries, in order to speed up convergence, CIS countries might consider more shocks and consistently following free market related approaches. The study fills a gap in the literature on the MIT which has thoroughly analyzed the Asian and Latin American countries but has provided little analysis of the CEE and CIS countries.

Author : Mariusz Kałczewiak
Publisher : Berghahn Books
Page : 259 pages
File Size : 33,21 MB
Release : 2022-03-11
Category : History
ISBN : 1800733534

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No matter how one defines its extent and borders, Eastern Europe has long been understood as a liminal space, one whose undeniable cultural and historical continuities with Western Europe have been belied by its status as an “Other” in the Western imagination. Across illuminating and provocative case studies, The World beyond the West focuses on the region’s ambiguous relationship to historical processes of colonialism and Orientalism. In exploring encounters with distant lands through politics, travel, migration, and exchange, it places Eastern Europe at the heart of its analysis while decentering the most familiar narratives and recasting the history of the region.

Author : Cristina Batog
Publisher : International Monetary Fund
Page : 119 pages
File Size : 33,56 MB
Release : 2019-07-15
Category : Social Science
ISBN : 1498319769

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The populations of Central and Eastern European (CESEE) countries—with the exception of Turkey—are expected to decrease significantly over the next 30 years, driven by low or negative net birth rates and outward migration. These changes will have significant implications for growth, living standards and fiscal sustainability.

Author : Anthony Barnes Atkinson
Publisher : Cambridge University Press
Page : 468 pages
File Size : 24,96 MB
Release : 1992-10
Category : Business & Economics
ISBN : 9780521438827

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This book, first published in 1992, examines the distribution of income under Communism in Eastern Europe, and its implications for economic transformation.

Author : Rüçhan Kamil Altun
Publisher :
Page : 31 pages
File Size : 29,89 MB
Release : 2017
Category :
ISBN :

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As a result of the Cold War and the isolation of East and West Europe from each other there have been sizeable income disparities between both regions with Eastern Europe ultimately lagging behind significantly. Since the fall of the Soviet Union Eastern European countries sought closer political relations and economic integration with West Europe leading to relative income convergence between both regions and to the formation of regional convergence clubs. This paper studies absolute and relative per capita income convergence between 237 Western and Central and Eastern European regions over the period 1997-2011 using a Markov chain analysis. The results confirm relative income convergence towards income classes between 40-85% and 85-115% of the average per capita income. Furthermore it shows that, hypothetically, on average it will take about 27.5 years for non-EU East European countries, 14.5 years for EU East European countries, and 5 years for Southern EU countries to catch-up with current Western European per capita income levels. In the steady-state 81% of all regions will have at least $45,000 per capita income. However, some of these results may be too optimistic or problematic and are therefore prone to criticism.

Author : Indermit Singh Gill
Publisher : World Bank Publications
Page : 386 pages
File Size : 13,60 MB
Release : 2007
Category : Business & Economics
ISBN : 082136748X

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An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.

Author : Randall Peerenboom
Publisher : Cambridge University Press
Page : 399 pages
File Size : 28,7 MB
Release : 2014-02-10
Category : Business & Economics
ISBN : 1107028159

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This interdisciplinary volume addresses the special challenges that middle-income countries confront from both a theoretical and a practical perspective.