Foreign Direct Investment in the Changing Business Environment of the European Union's New Member States

2007 ◽  
Vol 7 (4) ◽  
pp. 1850118 ◽  
Author(s):  
Janina Witkowska

Business environment is one of the location factors taken into account by investors while investing abroad. This paper focuses on the relationship between changes in business environments in the new Member States of the European Union (EU) and foreign direct investors' behavior. The analysis concentrates on Central and Eastern European (CEE) countries, with special reference to Poland, the Czech Republic, Hungary and Slovakia. The EU policies and the national incentive-based FDI policies are two driving forces influencing business environment in the new Member States. All the adjustments to the EU requirements reshape conditions for doing business in the new Member States and lead to the improvement of so called economies' 'fundamentals'. The national FDI policies could be treated as a factor disturbing these long term processes and changing economic choices of the established and potential investors. The statistical data on FDI inward stock and annual FDI flows confirm the positive reaction of foreign investors to the changes taking place throughout Central and Eastern Europe. Some data, however, confirm also that there is intense incentive-based competition and a kind of bidding war between them in order to attract foreign investors.

Author(s):  
Christian Klesse

The accession of ten new member states has opened up new political and discursive spaces for challenging homo-, bi-, and transphobia in the new member states and the European Union (EU) as a whole. There has been widely felt sense of hope that the accession will ultimately increase the possibilities of political action, result in democratisation, and better the political conditions for sexual minorities to fight discrimination and struggle for equal treatment before the law (ILGA Europe 2001, Vadstrup 2002, Pereira 2002, Neumann 2004, ILGA 2004, Stonewall 2004). Such sentiments were also expressed in the call-for-papers for the Conference ‘Europe without Homophobia. Queer-in(g) Communities’ that took place from May 24 to May 26, 2004 at Wroclaw in Poland, for which I wrote the first draft of this paper. Participants were asked to reflect upon ‘how we can contribute to making sexual minorities in the European Community visible, heard, safe, and equal before the law’ and to ‘investigate the practical ways (including legal actions, information campaigns, political participation, etc.) of achieving the bold vision suggested in the title: Europe without homophobia’ (Organizing Committee 2004). Human rights groups and lesbian and gay organisations both in the (prospective) new and the already existing member states sensed that access to funding by EU bodies and the ability to address political and/or legal institutions of the EU (and/or the Council of Europe) opened up ‘new space’ for political activism and enabled access to a new range of political discourses and strategies (cf. Stychin 2003). Already many years before accession, human rights organisations and lesbian and gay campaigning groups started to utilise the transformative potential of this prospective economic-political and socio-legal change for campaigns against human rights abuse and legal discrimination on the grounds of gender and sexuality in states applying for accession. ILGA Europe, for example, emphasised that accession should be made dependent on the applying states complying to the high human rights standard that the EU is supposed to stand for. Due to the uneven power structure between the institutions of the EU and the states applying for membership, the logic and rhetoric of ‘enlargement’ structured the negotiations about accession. The power imbalances at the heart of the process are further indicated by the fact that accession is frequently discussed in the scientific literature in the terminology of ‘Europeanization’ (cf. Schimmelfenning and Sedelmeier 2005a). In this context, ‘Europeanization’ signifies ‘integration’ into the economic organisations and politico-legal institutions of the EU, a process that, according to Schimmelfenning and Sedelmeier, can be characterised as ‘a massive export of EU rules’ (2005b: 221). Because accession has been such a recent moment in history, research on the effects of the EU enlargement on the national polities of the new or prospective member states is still scarce. In particular, sexual politics has remained an under-researched topic (for an exception, see Stychin 2003). However, there is sufficient reason to speculate that accession will significantly affect the discourses and strategies of social movements struggling around sexuality and gender in the new member states. Even if it cannot be predicted at this stage, how political actors and social movements will respond and position themselves with regard to these newly emerging ‘political opportunity structures’ (Kriesi et al. 1995), the evolving institutional, economic, and discursive context will without any doubt impact on their politics.


2016 ◽  
Vol 6 (1) ◽  
pp. 175 ◽  
Author(s):  
Boris Chistruga ◽  
Rodica Crudu

This research is intended to evaluate the influence of the European integration, through the EU financing dimension, upon the evolution of external competitiveness of countries part of the EU community since the enlargements of 2004 and, respectively, 2007, excluding Malta and Cyprus (hereafter called as New Member States (NMS)). The paper methodology is based on appropriate research of relevant economic indicators intended to evaluate the EU funds’ influence on the industrial development and external competitiveness of NMS. Therefore, in the analysis performed there were figured out and calculated correlations between the following indicators: EU expenditure by NMS, Current Account to GDP ratio, Industrial Performance index, Global Innovation Index and Index of Economic Freedom. These indicators characterize the NMS’ business environment, institutional framework and, consequently, the degree of international competitiveness. The research contributes to confirm the assumptions about the European integration and the EU financing instruments had important effects in improving the industrial performance, in particular, and international competitiveness of NMS, in general. However, the differences in the correlations calculated between EU financing received by the NMS and different analysed indicators, suggest that EU funds were not the only drivers of the increasing competitiveness of the analyzed countries.


2021 ◽  
Vol 8 (55) ◽  
pp. 126-143
Author(s):  
Jan Hagemejer ◽  
Jan J. Michałek ◽  
Pavel Svatko

Abstract The paper analyses the economic implications of the accession of New Member States (NMS) to the European Union (EU) in 2004 and 2007. The estimation effects of integration with the EU were carried out as a comparative case study using the synthetic control method (SCM) proposed by Abadie and Gardeazabal. Compared to previous studies analysing the effects of accession to the EU (Campos, Coricelli and Moretti), we check for the importance of the quality of economic institutions for the matching process of the analysed economies with their comparators. The results of the econometric analysis show a positive impact on the country performance 6 years and 12 years after accession to the EU. The gains from accession are large but not universal. For 5 of the 10 analysed countries the difference in levels of per capita gross domestic product (GDP) against the counterfactual is at least 30%.


2014 ◽  
pp. 111-117
Author(s):  
Csilla Kissné Nagy

Some details on agri-environmental measures in EU have been presented in this paper. Territorial, financial and regulation-specific aspects have been investigated based on statistics from EUROSTAT and ENFRD reports. It has been concluded, that AES shows a much diversified picture in the EU. For example, by 2009 the old members and new member states of EU had different proportions of agricultural area (25% and 10%, respectively), where AES had been introduced. Differences in AES are remarkable both at the level of member states as well as in the amounts of payments per hectare. The reasons behind this are the different national conditions and approaches on AES as well as differences in time these measures had been introduced in member countries. The final conclusion is that further increases may be expected in the coming years regarding the area involved in different agri-environmental measures and the total amount of AES payments in the EU.


2007 ◽  
Vol 8 (2) ◽  
pp. 123-136 ◽  
Author(s):  
John R. Dobson ◽  
Irina Sennikova

The free movement of labour and the creation of a European Labour Market have been the objectives of the European Union since its creation, but it is only with the 2004 enlargement that this has started to become a reality, with substantial numbers of East European workers seeking employment in the old member states. This paper uses the data from the UK Worker Registration Scheme and that compiled by the European Commission to examine the nature of this movement and its impact on the economies of both the existing and the new member states.


2020 ◽  
Vol 56 (1) ◽  
pp. 20-30
Author(s):  
Edward Molendowski ◽  
Wojciech Polan

Abstract It is a common knowledge that the eastern enlargement of the European Union (EU) was an extremely important undertaking for both the New Member States (EU-10) and the “old Union” countries (EU-15). One of the most important effects was significant acceleration of the development of mutual trade links, including changes in their commodity structure. In the study presented in this article, we attempted to verify the hypothesis whether, as a consequence of the eastern enlargement, the EU-10 and EU-15 markets were increasingly treated by the exporters and importers from Poland as a single market. In analyzing changes in the similarity of import and export structures, we calculated “Euclidean distance” (in 2004–2017), the measure based on absolute differences of individual structure indices. We compared the results for Poland with the other New Member States operating on the single European market. We found that for more than a dozen years Polish exporters and importers have contributed to the increasing similarity of the structures of their respective countries’ trade and the EU patterns mostly shaped by the EU-15. The results reflect the ongoing unification of the foreign trade system and its arrangement toward the recognition of both areas as a single market.


2012 ◽  
Vol 50 (No. 11) ◽  
pp. 524-528
Author(s):  
J. Varoščák

The accession to the European Union has brought a number of issues that the new member states have to deal with, namely to use the rules and procedures applicable in the EU. These include the transition from the enterprise towards the product-oriented economy in the agricultural production enterprises. The article describes the aspects of methodology regarding this issue within the framework of the Slovak agriculture. The article emphasizes that the product economics allows to define three levels of profit, namely: market, product and enterprise profit. This issue will be illustrated on the example of a Slovak agricultural enterprise, in terms of its planned calculated generation of profit.


2001 ◽  
Vol 51 (1) ◽  
pp. 131-138 ◽  
Author(s):  
Gy. Horváth

Among European Union policies, regional policy has always been considered a key domain due to its considerable role in negotiation of interests between mem-ber countries and distribution of European Union funds. Its significance, however, is expected to increase further as soon as countries of the Central Eastern Euro-pean region join the European Union and start lobbying for the concentration of European Union resources in the area. The new member states of the EU will stand on the periphery – not only in the geographical sense, but also regarding their level of economic development.


Terminology ◽  
2007 ◽  
Vol 13 (1) ◽  
pp. 85-92 ◽  
Author(s):  
C.J.P. van Laer ◽  
Tom van Laer

This article is intended to shed light on the availability and distribution of legal dictionaries that translate European languages. The premise of this article is that the enlargement of the European Union has increased the shortage of bilingual dictionaries. To verify this premise, statistics have been applied to a representative corpus which consists of 159 bilingual law dictionaries with terms from two or more legal languages used in the EU. This rather unique approach of applying statistics to a complete corpus shows that only 15% of the needed dictionaries really exist. This is a very small percentage. In particular, dictionaries for the legal languages of the new Member States are not sufficiently available. Compared to the fifteen old Member States, the ten new Member States possess a lesser number of relevant dictionaries. As long as bilingual dictionaries do not offer direct links between all legal languages, German, rather than French, has to be considered as a relay language on an equal footing with English.


2019 ◽  
Vol 11 (1) ◽  
pp. 1-16 ◽  
Author(s):  
Ondřej Konečný

Abstract After the accession of the ten new member states to the EU in 2004 and the following membership of Bulgaria and Romania in 2007, the (neo)endogenous development method LEADER has become pan-European. LEADER was implemented in all EU countries in the period 2007–2013, however, its application and potential to impact rural areas differed from country to country. Therefore, the aim of the article is to describe these differences on the basis of support outputs of LEADER under Axis 4 of the Rural Development Programs in 2007–2013. Respecting different path dependencies of the EU states, the article demonstrates the differences in the implementation of this method in two basic territorial units of the EU member states according to the length of the EU membership, as well as the length of experience in implementation of the LEADER method. The scope of LEADER implementation and the potential impact significantly differed between the old and new member states, and the internal heterogeneity of groups is also evident. On the one hand, lack of embeddedness of the method is manifested among the EU12 states (the need for dynamic growth of institutional capacity), on the other hand, socio-economic and political factors modify scope, potential impact and way of implementation of the method in individual countries.


Sign in / Sign up

Export Citation Format

Share Document