Journal
NEW POLITICAL ECONOMY
Volume 23, Issue 2, Pages 239-253Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13563467.2017.1370448
Keywords
Growth models; Eastern Europe; Baltic States; Visegrad countries; dependency; crisis
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European policy responses to the Global Financial Crisis and its European manifestation have set off a scholarly debate whether different national varieties of capitalism are equally able to cope with deepened European integration. To date, this debate has mostly focused on the contrasting fates of the thriving northern export-oriented capitalisms and the ailing southern European ones. This paper seeks to broaden the debate by focusing on Europe's Eastern periphery. It argues that a combination of domestic transformation strategies and the EU's accession policies resulted in two different growth regimes on Europe's Eastern periphery: a dependent export-driven in the Visegrad countries and a dependent debt-driven in the Baltic States. On the basis of the pre- and post-crisis trajectories of these two growth models, this paper finds that because East Central European capitalisms were profoundly shaped by EU integration, they are on balance also more compatible with deepened integration than Southern European capitalisms.
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