Monthly Report No. 2/2021

Alexandra Bykova, Richard Grieveson, Julia Grübler, Magdolna Sass and Tamás Szemlér
Authors registered in the RePEc Author Service: Julia Gruebler

No 2021-02, wiiw Monthly Reports from The Vienna Institute for International Economic Studies, wiiw

Abstract: Special Issue 30th Anniversary of the Visegrád Agreement Chart of the month Strong economic convergence, but increasing political challenges by Alexandra Bykova and Richard Grieveson Opinion Corner Looking backward, looking forward by Tamás Szemlér The Visegrád Group is celebrating its thirtieth anniversary. Over the past three decades, its member states have also become full-fledged members of the most important Euro-Atlantic integration structures. The group still offers important possibilities, but it should continue to be regarded as a piece in the complex Euro-Atlantic puzzle – rather than as an alternative to it. Time for a Paradigm Shift? by Julia Grübler Despite the Visegrád countries’ generally positive economic performance since 1991 and their successful integration into the Central European manufacturing core, important challenges still lie ahead. Policies towards sustainable development should form a central plank of the agenda in the region over the coming years. FDI-based models and what the future may have in store for them by Magdolna Sass The economic strategy of the Visegrád countries has largely been based on attracting foreign direct investment (FDI). Although it showed some vulnerability during the global financial crisis, prompting governments to place greater emphasis on domestic economic players in certain sectors, the general reliance on foreign capital was left intact – and on some measures even increased. The trend towards de-globalisation, Industry 4.0-related developments, lack of viable powerful domestic economic growth engines and the COVID-19 pandemic may herald a renaissance in FDI-based growth (in a more inward-looking EU). And that is the most likely scenario for the Visegrád countries in the near future. Monthly and quarterly statistics for Central, East and Southeast Europe

Keywords: wage convergence; Liberal Democracy Index; Visegrád cooperation; EU integration; Central European unity; economic convergence; trade openness; sustainability indicators; happiness score; foreign direct investment; foreign ownership; COVID-19 pandemic; de-globalisation; Industry 4.0 (search for similar items in EconPapers)
Pages: 52 pages including 30 Figures
Date: 2021-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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