The course discusses the development of market economies in the Eastern half of Europe (Baltics: Estonia, Latvia, Lithuania / The Visegrad States: Poland, Czech Republic, Slovakia, Hungary / The Balkans: Bulgaria, Romania / as well as Slovenia, Croatia and the Eastern part of Germany) after 1989. Making use of the “varieties of capitalism” approach, it situates their model of capitalism, the so-called “Foreign Direct Investment dependent competition state” amidst the many global models of capitalism. It also discusses the integration of these states into the European Union, from an economic point of view. Special attention is paid to questions of sustainability of public finances.

Semester: WT 2020/21