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Can cooperation with the BRICs and other Growth Markets help EU member states exit the crisis?

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  • Staša Tkalec
  • Marjan Svetličič

Abstract

This article explores potential differences in the level and speed of adjustment to the new centres of economic growth (BRICs and other Growth Markets) between the industrial member states (EU-15) and the new members of the European Union (NMS). It seeks to examine whether such differences can be attributed to differences in policies and the countries' crisis exit strategies. It establishes that the NMS have been more successful in adjusting to the new centres of economic growth (more by way of exports than inward FDI), but not if Russia, easily the biggest partner of the NMS, is excluded from the analysis. It therefore cannot be claimed that this success was the result of far-sighted strategies.

Suggested Citation

  • Staša Tkalec & Marjan Svetličič, 2014. "Can cooperation with the BRICs and other Growth Markets help EU member states exit the crisis?," Post-Communist Economies, Taylor & Francis Journals, vol. 26(2), pages 176-200, June.
    • Handle: RePEc:taf:pocoec:v:26:y:2013:i:2:p:176-200
    DOI: 10.1080/14631377.2014.904106
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    References listed on IDEAS

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    1. Aleh Tsyvinski, 2010. "Challenges Facing the Russian Economy After the Crisis," Post-Print hal-03417669, HAL.
    2. Karl P. Sauvant & Wolfgang A. Maschek & Geraldine McAllister, 2010. "Foreign Direct Investment by Emerging Market Multinational Enterprises, the Impact of the Financial Crisis and Recession, and Challenges Ahead," Palgrave Macmillan Books, in: Karl P. Sauvant & Geraldine McAllister & Wolfgang A. Maschek (ed.), Foreign Direct Investments from Emerging Markets, chapter 0, pages 3-29, Palgrave Macmillan.
    3. Gabor Hunya, 2008. "Austrian FDI by main Countries and Industries," FIW Research Reports series I-015, FIW.
    4. Doris Hanzl-Weiss & Robert Stehrer, 2014. "Cars “Made in Europe”," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 16(1), pages 49-74, April.
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    Cited by:

    1. Jaklič, Andreja & Obloj, Krzysztof & Svetličič, Marjan & Kronegger, Luka, 2020. "Evolution of Central and Eastern Europe related international business research," Journal of Business Research, Elsevier, vol. 108(C), pages 421-434.

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