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Géographies de la crise en Europe centrale

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  • Gilles Lepesant

    (CEFRES - Centre Français de Recherche en Sciences Sociales - MEAE - Ministère de l'Europe et des Affaires étrangères - CNRS - Centre National de la Recherche Scientifique, CMB - Centre Marc Bloch - MEAE - Ministère de l'Europe et des Affaires étrangères - Bundesministerium für Bildung und Forschung - M.E.N.E.S.R. - Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche - CNRS - Centre National de la Recherche Scientifique)

Abstract

The Central European model of development has until recently rested on a low interest rates, significant increases in consumption, heavy dependence on capital inflows, open markets especially towards Western Europe, and for some specialization in cyclical industries (automobiles). The crisis has highlighted on the one hand the growing divergence between the countries of Central Europe and on the other their high level of interdependence which has necessitated cooperation in their relations with the EU. While Western Europe is unlikely to experience a repeat of the 1930s, it is possible that recovery will prove illusory as it did between the two world wars. Witness the case of the automobile sector which became a major contributor to GDP and source of in Central Europe but whose future prospects are uncertain. Regional policies of which new member states are the beneficiaries should, in theory, encourage innovation, pro-employment policies, and sustainable development as means to ensuring recovery.

Suggested Citation

  • Gilles Lepesant, 2009. "Géographies de la crise en Europe centrale," Post-Print hal-05039454, HAL.
    • Handle: RePEc:hal:journl:hal-05039454
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-05039454v1
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    References listed on IDEAS

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