The Middle-Income Trap in Central and Eastern Europe: Causes, Consequences and Strategies in Post-Communist Countries

The economic development of Central and Eastern Europe has maintained high economic growth rates, but it is a thin veil of the economic "way west" for so-called transition countries. The Middle-Income Trap in Central and Eastern Europe examines the reality of the diminishing marginal utility of further international investments and the pitfalls of higher government spending to cultivate innovation. Authors from diverse disciplinary perspectives reflect on current debates surrounding the developmental bottlenecks in East-Central Europe and identify possible ways to escape the trap.

Format: Hardback
Length: 322 pages
Publication date: 10 November 2023
Publisher: Berghahn Books

Central and Eastern Europe has experienced high economic growth rates since the 1990s, leading to a perception of prosperity. However, this positive vision is challenged by political backlash and a history of economic adversity. The Middle-Income Trap in Central and Eastern Europe examines the diminishing marginal utility of international investments and the pitfalls of higher government spending to cultivate innovation. It brings together authors from diverse disciplinary perspectives to analyze the socio-economic transformation, the relevance of the "middle-income trap," and possible ways to escape it. The book aims to provide a comprehensive understanding of the challenges faced by East-Central Europe and to offer solutions for its development.

Weight: 592g
Dimension: 159 x 236 x 24 (mm)
ISBN-13: 9781805391814