Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/278558 
Year of Publication: 
2023
Series/Report no.: 
wiiw Research Report No. 469
Publisher: 
The Vienna Institute for International Economic Studies (wiiw), Vienna
Abstract: 
The EU member states of Central Eastern Europe (EU-CEE) have experienced rapid convergence in the decades following their EU accession, and have built up strong export-oriented manufacturing sectors boosted by foreign direct investment inflows. While this growth model has brought many positives, there are indications that it is hitting its limits. Endogenous limits to EU-CEE's growth model are exacerbated by exogenous challenges of the 'twin' (green and digital) transitions, and the fallout of the pandemic and Russian invasion of Ukraine. This reinforces the imperative for EU-CEE to transition to a more innovation-driven, new growth model, enabled by a comprehensive industrial policy. However, the EU-CEE countries have not only lacked a stable and strategic approach to industrial policy in their development paths, but also find themselves in a unique position due to EU membership. As a result, innovation and industrial policies are underdeveloped in the region. Based on an in-depth analysis of the industrial landscape and the industrial policy environment of the region, we propose eight pillars for creating a EU-CEE version of the entrepreneurial state.
Subjects: 
industrial policy
EU-CEE
convergence
transition
green
digital
JEL: 
L52
O25
F63
L60
P27
O40
Document Type: 
Research Report

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