This publication identifies the requirements for successful reallocation of labor and capital to more efficient uses in response to the emergence of new sources of competition, technological change and shifting consumer preferences. At the same time, it focuses on limiting adjustment costs for...

This book offers a critical analysis of recent developments in the automotive industry of East-Central Europe (ECE). Economists, industry specialists and national governments have considered the rapid development of the automotive industry in ECE in the past twenty years an unqualified success....

This book examines the dramatic increase in automotive assembly plants in the former Socialist Central European (CE) nations of Czechia, East Germany, Hungary, Poland, and Slovakia from 1989 onwards. Enticed by relatively lower-wage labour and significant government incentives, the world’s...

In Deutschland besteht seit längerem die Angst, dass Direktinvestitionen nach Mittel- und Osteuropa mit einem „Arbeitsplatzexport“ in diese Region verbunden sind. Entscheidend für negative Auswirkungen ist das der Direktinvestition zugrunde liegende Motiv. Wenn ein Motivwandel von der...