CEU Electronic Theses and Dissertations, 2010
| Author | Degenkolb, Nico |
|---|---|
| Title | VARIETIES OF CAPITALISM IN CENTRAL EASTERN EUROPE - COORDINATED, LIBERAL, OR DEPENDENT MARKET ECONOMIES? THE INSTITUTIONAL IMPACT OF GERMAN FOREIGN DIRECT INVESTMENT IN HUNGARY |
| Summary | The thesis is embedded in the broader debate revolving around the Varieties of Capitalism approach that has become a widely used framework in comparative political economy. As the approach has been developed on Western OECD countries, its applicability to Central Eastern Europe is debated. With Varieties of Capitalism as a point of reference, German FDI in Hungary will be analyzed. The development of German investments in Hungary and the motivations for German TNCs to locate production sites will are examined. In a further step, the impact of German firms on Hungarian institutions is analyzed. A focus of this analysis is on industrial relations, vocational training an industrial upgrading. The thesis is informed by quantified datasets and several interviews with managing staff of Hungarian subsidiaries of German transnational corporations. The results of the analysis, as will be argued, are not consistent with the assumptions generated by the Varieties of Capitalism framework. Transnational corporations evaluate and try to take influence primarily according to the profitability and competitive quality of institutions. Institutional complementarity as suggested by Varieties of Capitalism approach may therefore be overrated a concept for analyzing transnational capitalism in CEE. |
| Supervisor | Bela Greksovits |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2010/degenkolb_nico.pdf |
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