Original scientific paper
Institutions and Development in the EU Periphery
Eleni Paliginis
; Middlesex University, The Burroughs, London, UK
Abstract
Those EU countries at an intermediate level of development, such as Spain, Portugal, Ireland and Greece, failed, with the exception of Ireland, to achieve convergence, despite substantial financial assistance. EU structures did not assist the heterogeneous nature of these countries. In addition, serious internal problems and institutional weaknesses contributed to a differential attraction of Foreign Direct Investment and to a failure of their domestic capital to play a more dynamic role in the developmental process of these economies.
Keywords
biotechnology; Cobb-Douglass production function; human capital; labour costs; neo-liberal agenda
Hrčak ID:
34668
URI
Publication date:
1.11.2000.
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