Cover Osteuropa 2-3/2009

In Osteuropa 2-3/2009

Economic Miracle and National Debt
On the Political Economy of East Central Europe

Dorothee Bohle, Béla Greskovits

Deutsche Fassung


The 20 years of democracy and market economics in East Central Europe have been a great success. This distinguishes Poland, the Czech Republic, Slovakia, and Hungary from almost all of the other post-Socialist states. This model of success has two components. First, these four states succeeded in becoming the manufacturing site for transnational companies. That creates jobs and brings capital into the region. Second, the governments softened the social hardships of the transformation by means of welfare state policies. The price is an enormous national debt. Since EU accession, it has been necessary to take action against this. Dissatisfaction is growing, and populist forces are finding growing support.

(Osteuropa 2-3/2009, pp. 349–356)