WIIW Reprint Series, No. 168 (June 1997)  (two articles)

Emerging Patterns of European Industrial Specialization: Implications for Trade Structures, FDI and Migration Flows

(by Michael Landesmann)

SUMMARY

Two forces are operating alongside each other in Central and Eastern Europe: (1) the accentuation of patterns of inter-industry specialization following the strong liberalization of trade, and (2) the beginnings of a process of catching-up in a variety of ways, which led to fewer strong patterns of inter-industry specialization and more intra-industry trade.
 

FDI and its Effects in the Czech Republic, Hungary and Poland

(by Gábor Hunya)
 
SUMMARY

While having little effect on gross capital formation, FDI appears to have an important effect of capital inflows in these countries, for better or for worse creating an abundance of foreign resources -- positive in Hungary, troublesome in the Czech Republic. However the effects on the labour market as yet are minor, affected principally by personal example (Hungary) or tradition (Poland).
 

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