Will the manufacturing industry in east-central Europe survive when
the host countries join the European Union? This controversial book
challenges the assumption, made by the European Commission, that
industries in transitional economies should have little difficulty
establishing and maintaining a competitive position after entry
into the European Union. The analysis focuses on Hungary, Poland,
the Czech Republic, Slovakia and the former east Germany. Issues
discussed include: * changes in economic structures, the
transformation of enterprises and financial restructuring * levels
of competitiveness in the countries, the region and internationally
* industrial policy in the region * levels and nature of investment
* limits and sources of growth * integration into western Europe *
dangers of over-hasty harmonization of macroeconomic conditions
with the European Union The authors conclude that although the
basic structures of a market economy are firmly established, the
transition has not encouraged the development of more advanced
industrial activities. They strongly suggest that there should be
an active policy framework, based on international experience,
specifically geared towards improving the international
competitiveness of industry in east-central Europe.
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