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Offshore Outsourcing and Industrial Restructuring: New Europe’s Success

In: Global Capitalism Unbound

Author

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  • Bartlomiej Kaminski

Abstract

The reintegration of former centrally planned economies into global markets and their accession to the European Union (EU) offer a unique vantage point to study the impact of North-South deep integration on industrial restructuring. The accession process meant that Central Europe (hereafter CEEC-10 or New Europe) became like an EU member in terms of policies and integration, and that it had unfettered access to the EU single market for industrial products.1 In that context, transnational corporations (TNCs) were eager to incorporate CEEC-10’s industrial production into their global value chains, a process that revamped these countries’ industrial landscape and turned them into internationally competitive economies. As a result, the CEEC-10’s share in world trade rose from 1.9 percent in 1994 to 3.2 percent in 2003.

Suggested Citation

  • Bartlomiej Kaminski, 2007. "Offshore Outsourcing and Industrial Restructuring: New Europe’s Success," Palgrave Macmillan Books, in: Eva Paus (ed.), Global Capitalism Unbound, chapter 0, pages 181-195, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-60884-9_11
    DOI: 10.1057/9780230608849_11
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