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“Social Trilemma”: Empirical Evidence from Central and Eastern Europe

Author

Listed:
  • George Marian Ștefan

    (Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010374 București, Romania)

  • Vlad Nerău

    (Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010374 București, Romania)

  • Daniela Livia Traşcă

    (Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010374 București, Romania)

  • Daniela Nicoleta Sahlian

    (Department of Accounting and Audit, Bucharest University of Economic Studies, 010374 București, Romania)

  • Liviu Matac

    (Department of Accounting and Audit, Bucharest University of Economic Studies, 010374 București, Romania)

Abstract

This paper’s aim is to analyze the challenges that may arise to the harmonious and inclusive economic development of EU member states from Central and Eastern Europe in the larger context of the European Common Market and the free movement of capital. The theoretical framework on which this paper is based is represented by the thesis of “structural dependence on international capital” and “race to the bottom” competition to attract foreign investment and increase the convergence speed in the catching-up process. We have also tackled the consequences arising from the social cohesion perspective, pointing out that a country cannot have at the same time (1) a high degree of social equity; (2) free movement of capital, amid structural consequences that manifest themselves as a result of this freedom; and, (3) a robust position of foreign companies as a share of value added.

Suggested Citation

  • George Marian Ștefan & Vlad Nerău & Daniela Livia Traşcă & Daniela Nicoleta Sahlian & Liviu Matac, 2019. "“Social Trilemma”: Empirical Evidence from Central and Eastern Europe," Sustainability, MDPI, vol. 11(17), pages 1-15, August.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:17:p:4638-:d:261052
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    References listed on IDEAS

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    Cited by:

    1. Antonio Mihi-Ramirez & Elias Melchor-Ferrer & Yolanda Garcia-Rodriguez, 2022. "Why Do Regions Differ in Growth? The Productivity of the Eurozone and Its Contribution to the Added Value of Its European Neighbors," Sustainability, MDPI, vol. 14(18), pages 1-18, September.
    2. Péter Faragó & Krisztina Gálos & Dávid Fekete, 2022. "Elements of Divergence in Urbanization between Central and Eastern Europe (CEE) and the Core of the Continent," Sustainability, MDPI, vol. 14(19), pages 1-17, September.

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