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Globalization and European Integration:A Central European Perspective

Title / Series / Name
Journal of Risk and Financial Management
Publication Volume
18
Publication Issue
2
Pages
Authors
Csaba, László
Editors
Keywords
banking supervision
capital markets
economic development
economic integration
global governance
globalization
growth and innovation
industrial policy
internationalization
Accounting
Business, Management and Accounting (miscellaneous)
Finance
Economics and Econometrics
SDG 8 - Decent Work and Economic Growth
SDG 9 - Industry, Innovation, and Infrastructure
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Csaba-Laszlo_2025.pdf
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URI
https://hdl.handle.net/20.500.14018/27930
Abstract
Two decades after the biggest ever enlargement of the European Union, post-transition countries face a series of challenges, posed primarily by de-globalization and growing illiberalism. Declining European competitiveness, as highlighted by the Draghi Report (2024), calls for major restructuring both regionally and community-wide. This invited survey article attempts to solve a puzzle: if Europeanization has not been very successful, how could it promote globalization? Furthermore, Central Europe counts as a success story, both in terms of convergence and in terms of stabilizing west Europe’s previously restive neighborhood. Sustaining this success is not automatic. We posit the two main conditions. These are: more focus on Ordnungspolitik (single market, competition policy, and capital markets union) and de-emphasis of re-distrubution (CAP and Cohesion). We also show why and how Central Europe will decide the future of the EU and the ways it can cope with globalization.
Topic
Publisher
Place of Publication
Type
Journal article
Date
2025-01-24
Language
ISBN
Identifiers
10.3390/jrfm18020053
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Unit
Collections
International Relations
Other Academic Units