Globalization Under and After Socialism

Today, by a number of measures, the ex-socialist economies of Central and Eastern Europe are among the most globalized in the world. This book argues that the origins of Central and Eastern Europe’s heavily transnationalized economies should be sought in their socialist past and the efforts of reformers in the 1970s and 1980s to expand ties between domestic industry and transnational corporations (TNCs). The book’s comparative-historical analysis examines the trajectories of six socialist and postsocialist economies, Bulgaria, Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia. The second part of the book focuses on the region’s deepening specialization in the 2000s as a TNC-dominated transnational manufacturing hub. It identifies three international market roles that the region’s state came to occupy in the transformation: assembly platform, intermediate producer, and combined. It explains divergence within the region through the comparative analysis of the politics of institutional adjustment after socialism.