The Czech economy as an integrated periphery : The case of
dependency on Germany

J 2019

The Czech economy as an integrated periphery : The case of dependency on Germany

KRPEC, Oldřich and Vladan HODULÁK

Basic information

Original name

The Czech economy as an integrated periphery : The case of dependency on Germany

Authors

KRPEC, Oldřich (203 Czech Republic, belonging to the institution) and Vladan HODULÁK (203 Czech Republic, belonging to the institution)

Edition

Journal of Post Keynesian Economics, Abingdon, Routledge, Taylor & Francis Group, 2019, 0160-3477

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50601 Political science

Country of publisher

United Kingdom of Great Britain and Northern Ireland

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

Impact factor

Impact factor: 0.635

RIV identification code

RIV/00216224:14230/19:00108826

Organization unit

Faculty of Social Studies

DOI

http://dx.doi.org/10.1080/01603477.2018.1431792

UT WoS

000459334200004

Keywords in English

Convergence; Czech Republic; dependency; neoliberalism

Abstract

V originále

The Czech Republic (CZ) is a small open economy that has been integrated into the European economy predominantly through its ties to Germany. Traditional analysis has focused on the positive aspects of this process and pointed out the favorable indicators of the Czech economy, strongly influenced by a modernist perspective (model of economic development) and neoliberalism (applied economic policies). The aim of this article is a more critical reflection on some important features of the Czech economic model. The application of some currently emerging analytic instruments of international economic relations allows us to point out many problematic features of the Czech economy—in particular its dependence on foreign capital combined with a weak ability to retain it and the low added value created within the CZ. There are indicators suggesting a dependent growth within a rigid pattern of an international division of labor and wealth distribution. We argue that shortcomings of the neoliberal model of development (even) in the case of a well prepared and governed economy are a good reason to bring the insights of dependency theory back into the discussion.

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Citovat

KRPEC, Oldřich and Vladan HODULÁK. The Czech economy as an integrated periphery : The case of dependency on Germany. Journal of Post Keynesian Economics. Abingdon: Routledge, Taylor & Francis Group, 2019, vol. 42, No 1, p. 59-89. ISSN 0160-3477. Available from: https://dx.doi.org/10.1080/01603477.2018.1431792.

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   author = {Krpec, Oldřich and Hodulák, Vladan},
   article_location = {Abingdon},
   article_number = {1},
   doi = {http://dx.doi.org/10.1080/01603477.2018.1431792},
   keywords = {Convergence; Czech Republic; dependency; neoliberalism},
   language = {eng},
   issn = {0160-3477},
   journal = {Journal of Post Keynesian Economics},
   title = {The Czech economy as an integrated periphery : The case of dependency on Germany},
   url = {https://www.tandfonline.com/doi/full/10.1080/01603477.2018.1431792},
   volume = {42},
   year = {2019}
}

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N2  - The Czech Republic (CZ) is a small open economy that has been integrated into the European economy predominantly through its ties to Germany. Traditional analysis has focused on the positive aspects of this process and pointed out the favorable indicators of the Czech economy, strongly influenced by a modernist perspective (model of economic development) and neoliberalism (applied economic policies). The aim of this article is a more critical reflection on some important features of the Czech economic model. The application of some currently emerging analytic instruments of international economic relations allows us to point out many problematic features of the Czech economy—in particular its dependence on foreign capital combined with a weak ability to retain it and the low added value created within the CZ. There are indicators suggesting a dependent growth within a rigid pattern of an international division of labor and wealth distribution. We argue that shortcomings of the neoliberal model of development (even) in the case of a well prepared and governed economy are a good reason to bring the insights of dependency theory back into the discussion.
ER  -

KRPEC, Oldřich and Vladan HODULÁK. The Czech economy as an integrated periphery : The case of dependency on Germany. \textit{Journal of Post Keynesian Economics}. Abingdon: Routledge, Taylor \&{} Francis Group, 2019, vol.~42, No~1, p.~59-89. ISSN~0160-3477. Available from: https://dx.doi.org/10.1080/01603477.2018.1431792.

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