Catching-Up and Integration in New and Future EU Member States Through FDI

Srdjan Redzepagic () and Xavier Richet ()
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Srdjan Redzepagic: Institute of Economic Sciences
Xavier Richet: Université Sorbonne nouvelle

Chapter 2 in Strategies of Multinational Corporations and Social Regulations, 2014, pp 19-36 from Springer

Abstract: Abstract The experience of the recent enlargement within the European Union is unique if we consider both the number of countries, the population, the level of economic development, the systemic characteristics of most of these countries, the speed and the cost. Those countries have supported in less than 20 years, three major shocks: a systemic shock with the implosion of the socialist system, an economic shock with the adjustment to the new market environment, an institutional shock with the membership to the European Union (EU) for those who have applied to become members. A fourth shock, for some last comers and further EU members has been the violent disintegration of the Former Yugoslavia, which has delayed and hampered negotiations for future membership of the former Republics involved in the conflict (Croatia, Serbia…).

Keywords: European Union; Foreign Company; Socialist System; Linkage Effect; Domestic Asset (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-41369-8_2

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DOI: 10.1007/978-3-642-41369-8_2

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