Rola Europy Środkowej w gospodarce Niemiec. Konsekwencje polityczne
The role of Central Europe in the German economy. The political consequences

Author(s): Konrad Popławski
Subject(s): Economic policy, International relations/trade
Published by: OSW Ośrodek Studiów Wschodnich im. Marka Karpia
Keywords: Germany; Central Europe; economic relations; Visegrád Group; modernisation;
Summary/Abstract: Publications from recent years allow us to conclude that the economic relations between Germany and Central Europe have reached the "end of history" and nothing new will happen. A deeper analysis of these relationships reveals interesting new trends. After joining the European Union, the countries of Central Europe were not satisfied with the average level of economic development but continued to make up for the distance separating them from Western Europe, which was not hindered by the global financial crisis. The better economic situation also translated into relations with Germany. The aggregated results of the Visegrad Group countries place them in the position of Germany's most important trade partner, the balance of trade in goods is in a state of balance, while many eurozone countries record high levels of trade deficit with Germany. The aim of the report is to show trends in trade and investment exchange between Germany and Central Europe on the example of the Visegrad Group. The author also attempts to answer the question of whether the deepening of economic cooperation between Germany and the V4 countries will lead to further modernization of the economies of these countries, or will it expose them to the risk of falling into the "middle-income trap".

• Details
• Contents