Inequalities of Accumulation: The Case of Central and Eastern Europe

Annamaria Artner

Chapter 7 in Foreign Direct Investment in Central and Eastern Europe, 2017, pp 151-169 from Palgrave Macmillan

Abstract: Abstract The chapter examines the development of CEE countries within the context of the global accumulation of capital. After describing the global economy as the hierarchy of the core and peripheral-type economies, the chapter assesses the development of the global corporate network and the role CEE countries play within this. With the help of statistical data, the distribution of incomes between the regions and social classes of Europe is analysed. The rates of profit of foreign direct investments and the profit per wages ratio are higher in the CEE countries than in the core countries of the EU. The emerging conclusion is that the region lacks the ability to accumulate enough capital because of a quasi-monopoly of transnational capital which adds a continual drain upon a substantial part of the value added from the region.

Keywords: Foreign Direct Investment; Multinational Corporation; Foreign Direct Investment Inflow; Unit Labour Cost; Gross National Income (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-319-40496-7_7

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DOI: 10.1007/978-3-319-40496-7_7

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