Offshore Outsourcing and Industrial Restructuring: New Europe’s Success

Bartlomiej Kaminski

Chapter Chapter Eleven in Global Capitalism Unbound, 2007, pp 181-195 from Palgrave Macmillan

Abstract: Abstract The reintegration of former centrally planned economies into global markets and their accession to the European Union (EU) offer a unique vantage point to study the impact of North-South deep integration on industrial restructuring. The accession process meant that Central Europe (hereafter CEEC-10 or New Europe) became like an EU member in terms of policies and integration, and that it had unfettered access to the EU single market for industrial products.1 In that context, transnational corporations (TNCs) were eager to incorporate CEEC-10’s industrial production into their global value chains, a process that revamped these countries’ industrial landscape and turned them into internationally competitive economies. As a result, the CEEC-10’s share in world trade rose from 1.9 percent in 1994 to 3.2 percent in 2003.

Keywords: European Union; Skilled Labor; Domestic Firm; Foreign Affiliate; Industrial Restructuring (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60884-9_11

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DOI: 10.1057/9780230608849_11

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