American Journal of Business and Society
Articles Information
American Journal of Business and Society, Vol.3, No.2, Jun. 2018, Pub. Date: Aug. 31, 2018
Central and Eastern European Countries Value Added Analysis
Pages: 38-57 Views: 556 Downloads: 240
Authors
[01] Lembo Tanning, Marcelius Trade Limited Liability Company, Tallinn, Estonia.
[02] Toivo Tanning, Marcelius Trade Limited Liability Company, Tallinn, Estonia.
Abstract
The purpose of this article is a comparative analysis added value of the EU countries with special attention to the postsocialist countries of Central Europe and the Baltic States. The objective is to analyze the added value of non-financial business economy enterprises. They are mainly the sectors of industry, construction and distributive trades and services on basis of the NACE Rev. 2 sections. The economy and living standards of the new EU Member States in Central and Eastern Europe (CEE-8 and the Baltic countries), despite improvement, are significantly lower than in Western European countries. What to do? An example should be taken the most successful industries in the rich countries, where the differences are greatest. Often called advanced economies or rich countries to industrialized countries. As industry has been the basis of their wealth, then we will analyse the main indicators of industrial development. The emphasis is on the comparative analysis of economic reasons. What are the lessons learned? Where are the bigger differences? The gap has dropped by a dozen years ago. But still the topical question is: why is it? Why? To conclude and discuss, there are a series of authors' reflections on how the CEE countries could improve their economic situation, which could be taken as an example. Looking at the progress, made at the time of EU membership, CEE countries should take a more thorough and self-critical analysis of the country's economy, the factors, that hinder its development, and the more efficient use of better Western countries' knowledge and experience, especially in the less developed CEE countries.
Keywords
Added Value, Post-Socialist Countries, Baltic, Central and Eastern European Countries, Big Differences, Economic Lessons
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