Catching–Up Strategy: New Member States of the European Union in the European Internal Market for High–Tech and Environmental Products in the Context of the Renewed Lisbon Strategy

The Central and Eastern European countries implemented an economic policy fundamentally reorienting their foreign trade in the nineteen-nineties. This involved a shift in direction from the East (the former Soviet Union and its satellite countries) to the West (primarily the European Union). The economic transformation of those countries as well as integration with the European Union was established and nearly complete in the wake of accession in the year 2004. However, transition periods facilitating the completion of integration processes were established for certain sectors, including adaptation to environmental rules and standards, for example. The aim of this paper is to present certain findings of an international comparison among the "new" European Union member states related to: certain final economic results of the transformation with respect to achievements related to the various states of economic development (verification of the M. Porter and T. Ozawa model), and the ability to adopt selected requirements of the Renewed European Union Strategies after the year 2005, with special reference to the Renewed Sustainable Development Strategy and the Strategy: Global Europe-Competing in the World. Verification of the Ozawa and Porter Model is positive for all Central and Eastern European new members of the European Union. Transformation and integration processes supported these countries on their way to economic development. These positive results on their development path are presented in the paper in detail.