Independent and cutting-edge analysis on global affairs

Central Europe’s success in the transition from a command to a market economy has relied on the region’s flexible economic structure and high levels of technology-intensive FDI.  South-Eastern Europe has lagged behind as a result of dragging its feet over implementing transition reforms and because –partly as a consequence of the former– few foreign investors have arrived. Political factors have been the main impediment, manifested in corruption, state capture, rigidity, or war.However, the region could overcome these political obstacles by implementing a series of policies with low political costs. This paper recommends such a portfolio of policies:  creating an investor-friendly tax environment and exchange rate regime; strategically targeting particular foreign investors; implementing targeted reforms, such as introducing efficiency-improving measures in the public services; investing in human capital; and integrating with Europe, not only at the diplomatic level but also by reducing trade barriers and creating a matching infrastructure.

Please click here to read the text in full

CONTRIBUTOR
Tamas David
Tamas David
The Premium Corporate Sponsor of TPQ
From the Desk of the Editor During the COVID-19 pandemic, individuals and governments across the globe have been reminded of the value of human life and the delicacy of human psychology. Societies have been forced to conform to governments’ speedy decisions to prevent the spread of the virus, and individuals—from the most vulnerable to the most well-off —were forced to self-isolate. The isolation...
STAY CONNECTED
SIGN UP FOR NEWSLETTER
FACEBOOK
PARTNERS