Community Research and Development Information Service - CORDIS


Competitive Pressure and its Social Consequences in EU Member States and in Associated Countries - COMPPRESS, Final Report, EUR 23117

Project ID: HPSE-CT-2002-00149


Firms in Central and Eastern European countries that just joined (such as Hungary and Slovenia), or are about to join the EU (like Bulgaria and Romania) are facing growing competitive pressure, especially in the single EU market. At the same time, product, capital and labour markets in these economies are still immature markets and are characterised by numerous imperfections.
Competitive pressure has many facets and has had wide-ranging effects on firms, households, institutions and society in the CEECs at large. It has been a major engine of economic restructuring in the CEECs and has contributed to improved resource allocation in these economies. Competitive pressure has also been of the main drivers behind the complete overhaul of the CEECs' labour markets. In turn, the societal upshots of competitive pressure are reflected in the changing individuals' perceptions and subjective well being. Notably, the growing competitive pressure in the CEECs has had both positive and negative economic and social effects; the balancing act for policy makers is to find the policy mix that enhances the positive spillovers and suppresses or at least reduces the negative ones.

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