By Maciej Kuziemski. Photo: International Visegrad Fund.
Central and Eastern Europe (CEE) has experienced unparalleled GDP growth in recent decades, nearly doubling the growth of the Eurozone in 2015, mainly through multinational companies’ investments and generous EU structural funds, yet has only slightly climbed the global value chain ladder. As multinational companies tend to ﬂock to CEE due to rising labour costs, there seem to be a wide-spread consensus between political elites that it is high time to develop systemic instruments that will aid the development of knowledge based economy in the region. Although bridging the development gap between CEE and Western Europe may be unrealistic, raising the region’s capacity to innovate might as well serve as a one step towards achieving this goal. One obvious circumstance that can bear tremendous effects for region’s development is unveiling of the long-anticipated European Commission’s Digital Single Market strategy (DSM).
The author tries to examine what are the regions’ challenges and sweet spots as well as propose concrete policy interventions, in particular for the Visegrad Group countries.