In the frames of the classic centrum–periphery concept, East-Central Europe has always been regarded as a semi-periphery of core Europe. Thus, catching up with more developed European countries has remained a topical issue throughout the region’s last 200 years. If we take a closer look at...

Foreign direct investments in East Central Europe played significant role in the economic transition process after 1990. The support of multinational business was a logical choice for most governments to improve and modernize the economy. Despite the various paths taken by the individual...

A new empirical model is presented that considers the productivity spillover effects of foreign direct investment (FDI) by focusing on the multi-layered structure of industrial classifications. In this model, the market presence of horizontal FDI in a host country is expressed using multiple...

Regional clusters evolved spontaneously at various places in the world following different development patterns. Their success in enhancing competitiveness moved governments and entrepreneurs to copy the patterns. Later on cluster development became part of the European Union’s long-term...

The current global financial and economic crisis has brought into prominence the patterns of economic modernisation of post-socialist countries in the Central and Eastern European (CEE) region. One of the key factors of successful modernisation and sustainability of competitiveness in these...

This volume broadens the scope of 'comparative capitalism' within the Varieties of Capitalism (VoC) tradition. It endorses the employment of multiple perspectives, including critical political economy, institutionalist systems of capitalism, structuralist-dependency scholarship and world-systems...

Although the current status of East Central European (ECE) countries in the process and level of their integration into global business varies, a rather general phenomenon is the exhaustion of the foreign direct investment (FDI)-led development model, at least its dominant version of the 1990s...