The dependent Industry 4.0 development path of the Visegrád countries

Authors

  • Andrea Éltető Centre for Economic and Regional Studies, Institute of World Economics
  • Magdolna Sass Centre for Economic and Regional Studies, Institute of World Economics
  • Marta Götz Vistula University, Warsaw

DOI:

https://doi.org/10.17356/ieejsp.v8i3.980
Abstract Views: 450 PDF Downloads: 506

Keywords:

Industry 4.0, Visegrád countries, FDI, varieties of capitalism

Abstract

The dependency of the Visegrád countries on foreign direct investment has been emphasized in the typologies of capitalist models. Today, the question is whether this development path can be sustained. In past years democratic backsliding and a change towards more inward-looking policies have taken place in this region that may also change their attractiveness to foreign investors. The general slowdown in capital flow can weaken the dependency of these countries on FDI, but the fourth industrial revolution can conversely strengthen it. Based on interviews we conducted with business and academic experts in the Visegrád countries, it is shown that the implementation experiences of Industry 4.0 point to the reinforcement of the duality of firm-level developments and dependency on foreign-controlled enterprises. Therefore, we argue that the FDI-based economic growth path of the Visegrád countries has led to the development of FDI-led industrial transformation.

Downloads

Published

2022-11-02

How to Cite

[1]
Éltető, A., Sass, M. and Götz, M. 2022. The dependent Industry 4.0 development path of the Visegrád countries. Intersections. East European Journal of Society and Politics. 8, 3 (Nov. 2022), 147–168. DOI:https://doi.org/10.17356/ieejsp.v8i3.980.

Issue

Vol. 8 No. 3 (2022): Parenting and the State

Section

Articles

License

Copyright Notice

Authors who publish with this journal agree to the following terms:

Authors retain copyright and grant the journal right of first publication, with the work three months after publication simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. This acknowledgement is not automatic, it should be asked from the editors and can usually be obtained one year after its first publication in the journal.