A new growth model in EU-CEE

Client/Funding Institution

Friedrich Ebert Stiftung

Abstract

The eleven EU member states from Central, East, and Southeast Europe (EU-CEE) have undergone three decades of transition to market capitalism and con¬vergence with Western Europe. There have been many successes and challenges, and the level of economic and social development varies widely across the region. The study finds that the convergence process, especially for the more advanced countries, has slowed since 2007 and that the current growth model may well be reaching its limit. The authors find that it will take decades for EU-CEE’s more developed countries to halve the remaining gap to Germany and other rich countries in Western Europe. This implies that it is high time to think about a new growth model for the region. The study outlines the main priorities for a strategic transition to a new growth model of EU-CEE and shows substantial opportunities in a greener, digitised, automated world.

Duration

August 2020 - May 2021

wiiw team Leader

Richard Grieveson

wiiw Staff

Alexandra Bykova, Doris Hanzl-Weiss, Gabor Hunya, Niko Korpar, Leon Podkaminer, Robert Stehrer, Roman Stöllinger

External Publications

Final Study 'A new growth model in EU-CEE : avoiding the specialisation trap and embracing megatrends '
Nowy Model Wzrostu Dla Panstw EU-CEE

Countries covered: EU-CEE

Research Areas: Macroeconomic Analysis and Policy


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