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The EU and Central Europe: The Remaking of Economic Relationships

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  • Allan M. Williams
  • Vladimir Balaz
  • Stefan Zajaz

Abstract

The reconstruction of economic relationships between Central Europe and the EU since 1989 has involved a major redrawing of the economic map of Europe. This paper investigates these relationships in the case of the V4 countries, disaggregating, wherever possible, the Czech and Slovak components of Czechoslovakia – prior to the ‘Velvet Divorce’. The analysis considers four main axes of change: stabilisation and privatisation, the reinternationalisation of international trade, foreign investment, and research and development. This leads to a consideration of how these changes are influencing the prospects and challenges of potential membership of the EU. Stress is placed throughout on how application of the ‘sharp shock’ model of economic transition is influencing the emergence of the new economic map of Europe. Comparisons with Southern Europe in the 1980s are particularly instructive in terms of understanding both the challenges of membership and of the changing approaches of the EU to enlargement.

Suggested Citation

  • Allan M. Williams & Vladimir Balaz & Stefan Zajaz, 1998. "The EU and Central Europe: The Remaking of Economic Relationships," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 89(2), pages 131-149, May.
    • Handle: RePEc:bla:tvecsg:v:89:y:1998:i:2:p:131-149
    DOI: 10.1111/1467-9663.00014
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    Cited by:

    1. A. Mantovani & M. Vancauteren, 2003. "The Harmonization of Technical Barriers to Trade, Innovation and Export Behavior: Theory with an application to EU Environmental Data," Working Papers 480, Dipartimento Scienze Economiche, Universita' di Bologna.
    2. MANTOVANI Andrea & VANCAUTEREN Mark, 2010. "The Harmonization of Technical Barriers to Trade, Innovation and Export Behavior: Theory with an Application to EU Environmental Regulations," EcoMod2003 330700094, EcoMod.
    3. Ružeková Viera & Kašťáková Elena, 2018. "Comparison of the Visegrad group and Baltic countries in terms of multi-criteria competitiveness indicators," Studia Commercialia Bratislavensia, Sciendo, vol. 11(39), pages 91-106, June.

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