Wirtschaftswunder und Staatsverschuldung. Zur Politischen Ökonomie Osteuropas

TitleWirtschaftswunder und Staatsverschuldung. Zur Politischen Ökonomie Osteuropas
Publication TypeJournal Article
AuthorsGreskovits, B., and D. Bohle
Journal titleOsteuropa

Manufacturing miracles, welfare pathologies and the accumulation of national debt. On the political economy of east central Europe
20 years of democracy and market economics in east central Europe have been a great success. This distinguishes Poland, the Czech Republic, Slovakia, and Hungary from almost all of the other post-Socialist states. Their model of success has two components. First, these four states succeeded in becoming the manufacturing site for trans-national companies. That creates jobs and brings capital into the region. Second, the governments softened the social hardships of the transformation by means of welfare state policies. The price is an enormous national debt. Since EU accession, it has been necessary to take action against this. Dissatisfaction is growing, and populist forces are increasingly supported.

Department of International Relations
Center for European Union Research (CEUR)
Department of Political Science