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Reunifying Europe in an Emerging World Economy: Economic Heterogeneity, New Industrial Options, and Political Choices
Author(s) -
Zysman John,
Schwartz Andrew
Publication year - 1998
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/1468-5965.00117
Subject(s) - prosperity , resizing , european economy , cold war , context (archaeology) , politics , economy , world economy , european union , economics , emerging markets , international trade , economic system , political science , economic geography , geography , economic growth , archaeology , law , macroeconomics
This article examines the industrial reintegration of central and eastern Europe into the broader European economy in the context of the emerging world economy. Since the Cold War, Europe’s economic heterogeneity has sharply increased, making it comparable to Asia. And Europe as a whole must adapt to a global economy of three regional centres and industrial strategies implemented through International Production Networks (IPNs). The article asks whether policies favoring IPNs that link east and west can reconcile eastern industrial development with western prosperity and employment. Thus the eastward enlargement of the European Union, which has been driven primarily by security concerns, can also improve the region’s competitiveness in global markets.