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Final Reflections: Emerging Market Multinational Enterprises in East Central Europe

In: Emerging-market Multinational Enterprises in East Central Europe

Author

Listed:
  • Ágnes Szunomár

    (Centre for Economic and Regional Studies
    Corvinus University of Budapest)

  • Tamás Gerőcs

    (Centre for Economic and Regional Studies)

  • Judit Kiss

    (Centre for Economic and Regional Studies)

  • Tamás Peragovics

    (Centre for Economic and Regional Studies)

  • Judit Ricz

    (Centre for Economic and Regional Studies
    Corvinus University of Budapest)

  • Miklós Szanyi

    (Centre for Economic and Regional Studies)

  • Tamás Szigetvári

    (Centre for Economic and Regional Studies)

  • Katalin Völgyi

    (Centre for Economic and Regional Studies)

  • Csaba Weiner

    (Centre for Economic and Regional Studies)

Abstract

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 and early 2000s. On the one hand, this is a result of multinational affiliates’ isolated and strongly integrated presence in a strictly designed international cooperation system with no physical contact with local firms to deliver spillovers. On the other hand, even those affiliates that are entangled in the development of local supplier networks deliver spillovers only to a limited level. As a consequence, they are not becoming primary players of innovative local business clusters, while the design of affiliates’ activity range is usually specialized on low value-added segments of global value chains (GVC).

Suggested Citation

  • Ágnes Szunomár & Tamás Gerőcs & Judit Kiss & Tamás Peragovics & Judit Ricz & Miklós Szanyi & Tamás Szigetvári & Katalin Völgyi & Csaba Weiner, 2020. "Final Reflections: Emerging Market Multinational Enterprises in East Central Europe," Studies in Economic Transition, in: Ágnes Szunomár (ed.), Emerging-market Multinational Enterprises in East Central Europe, chapter 0, pages 313-321, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-030-55165-0_10
    DOI: 10.1007/978-3-030-55165-0_10
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    Cited by:

    1. Ricz, Judit & Sallai, Dorottya & Sass, Magdolna, 2023. "The role of the state in shaping the internationalization of firms in the twenty-first century," LSE Research Online Documents on Economics 121380, London School of Economics and Political Science, LSE Library.

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