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Boosting European Competitiveness

The Role of CESEE Countries Edited by Marek Belka, President, Narodowy Bank Polski, Poland, Ewald Nowotny, Governor, Oesterreichische Nationalbank, Austria, Pawel Samecki, Management Board Member, Narodowy Bank Polski, Poland and Doris Ritzberger-Grünwald, Director, Oesterreichische Nationalbank, Austria
In the global financial crisis, competitiveness gaps between Euro area countries caused additional strain. This book discusses the various dimensions of competitiveness, with a special focus on Central, Eastern and Southeastern Europe. With products becoming ever more technically sophisticated and global interconnectedness on a relentless rise, quality, customer orientation and participation in production networks are as important as relative costs and prices. For Europe to proceed with convergence and to resist global competitive pressures, policies to boost productivity and innovation are therefore vital.
Published in Association with Oesterreichische Nationalbank, Austria
Extent: 224 pp
Hardback Price: $120.00 Web: $108.00
Publication Date: 2016
ISBN: 978 1 78536 931 5
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  • Economics and Finance
  • Financial Economics and Regulation
  • International Economics
  • Money and Banking
In the global financial crisis, competitiveness gaps between euro area countries caused additional strain. This book discusses the various dimensions of competitiveness, with a special focus on emerging Central, Eastern and Southeastern European countries. For Europe to proceed with convergence and to resist global competitive pressures, it argues that policies to boost productivity and innovation are vital. With products becoming ever more technically sophisticated and global interconnectedness on a relentless rise, it also demonstrates that quality, customer orientation and participation in global production networks and global value chains are at least as important as relative costs and prices.

This book delves into the literature and dissects the complexity of competitiveness, aiming to offer tangible policy advice focused on how well the European economy is performing and how it could improve. The key findings of the book, from a mix of academics and policymakers, constitute a state-of-the-art assessment of competitiveness that may challenge traditional perceptions of how economies can return to a path of sustainable growth.

Comprehensive and forward-looking, this enlightening book will appeal to academics, researchers and policymakers with a particular interest in European economies and economic integration.
Contributors: D. Andrews, B.B. Bakker, I. Begg, M. Belka, K. Benkovskis, Z. Darvas, A. de Serres, M. Gradzewicz, D. Hanzl-Weiss, B.S. Javorcik, A. Kosior, K. Krogulski, M. Landesmann, E. Nowotny, B. Pinto, D. Ritzberger Grünwald, M. Rubaszek, P. Samecki, M. Silgoner, P. Sinclair, K. Vondra, B. Vuj?i?, J. Wörz, L.Yueh

Contents:

PART I FRAMING THE DISCUSSION ON THE COMPETITIVENESS CHALLENGE
1. Boosting European Competitiveness
Marek Belka, Ewald Nowotny, Doris Ritzberger-Grünwald and Pawel Samecki

2. Harnessing Foreign Direct Investment to Boost Economic Growth
Beata S. Javorcik

3. Correcting External Imbalances in the European Economy
Doris Hanzl-Weiss and Michael Landesmann

PART II THE VARIOUS DIMENSIONS OF COMPETITIVENESS
4. New Indicators of Competitiveness – The Austrian Perspective
Doris Ritzberger-Grünwald, Maria Silgoner and Klaus Vondra

5. Globalisation and Growth: The Case of China
Linda Yueh

6. Non-price Components of Market Share Gains – Evidence for EU Countries
Konstantins Benkovskis and Julia Wörz

PART III EU STRUCTURAL POLICIES
7. EU Economic Governance: Euro Area Periphery Lessons for Central and Eastern European Countries
Zsolt Darvas

8. EU Structural Policies Today: Missing Piece of the Growth Puzzle, or Wishful Thinking?
Brian Pinto

9. EU Structural Policies and Euro Adoption in CEE Countries
Anna Kosior and Micha? Rubaszek

PART IV LABOUR MARKET AND PRODUCTIVITY DEVELOPMENTS
10. Labour Market Integration and Associated Issues: Kipling is Wrong
Peter Sinclair

11. Do Jobs Created in CEE Countries Result in Higher Productivity?
Micha? Gradzewicz

12. Productivity and Competitiveness in CESEE Countries: A Look at the Key Structural Drivers
Dan Andrews and Alain de Serres

PART V CESEE’S CONTRIBUTION TO GROWTH IN THE EURO AREA AND EUROPE
13. Convergence of ‘New’ EU Member States: Past, Present and Future
Bas B. Bakker and Krzysztof Krogulski

14. EU and CEE: Productivity and Convergence
Boris Vuj?i?

15. Peering into the Crystal Ball: Can the CESEE Countries be an Engine of Growth for the EU?
Iain Begg

Index