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Institutions and Development in the EU Periphery

Author

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  • Eleni Paliginis

    (Middlesex University, The Burroughs, London)

Abstract

Those EU countries at an intermediate level of development, such as Spain, Portugal, Ireland and Greece, failed, with the exception of Ireland, to achieve convergence, despite substantial financial assistance. EU structures did not assist the heterogeneous nature of these countries. In addition, serious internal problems and institutional weaknesses contributed to a differential attraction of Foreign Direct Investment and to a failure of their domestic capital to play a more dynamic role in the developmental process of these economies.

Suggested Citation

  • Eleni Paliginis, 2000. "Institutions and Development in the EU Periphery," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 3(2), pages 81-92, November.
  • Handle: RePEc:zag:zirebs:v:3:y:2000:i:2:p:81-92
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    More about this item

    Keywords

    biotechnology; Cobb-Douglass production function; human capital; labour costs; neo-liberal agenda;

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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