Joachim Becker: Development Models and Crisis and Eastern Europe ||| 19.10.2012
Channel: SkriptaTV
Date: 12/10/2013

Organizacija: Centar za radničke studije (CRS) / Organized by: Centre for labour studies (radnickistudiji.org)
Friday_19.10.2012. 18h_keynote lecture

Joachim Becker /// Development Models and Crisis and Eastern Europe

Since the 1990s, capitalist transformation and the shaping of models of dependent development have gone hand in hand in Eastern Europe. This double process will be analysed from the perspective of the theory of regulation. Two basic models can be identified. In the Visegrád countries and Slovenia, accumulation has rested on two pillars, export industrialisation and financialisation, which has been -- with the exception of Hungary -- mainly based on the national currency. In the Baltic states and in Southeastern Europe, including most of the post-Yugoslav space, dependent financialisation which has characterised by high domestic indebtedness in foreign currency was the predominant trait. These strategies have charted not only by external actors, but also by emergent domestic capital groups and their political representatives. Both models have been characterised by specific contradictions and vulnerabilities to crisis. The present crisis has hit the second model which was characterised by a very narrow focus on financialisation and an extremely high dependence on capital inflows much more severely. 

Joachim Becker teaches political economy at the University of Vienna. The scientific focus of his work are regulation theory, state theory, international development and regional integration.

19-20.10.2012., Radnički dom, Trg Petra Krešimira IV 2, Zagreb
 
Konferencija: TWO DECADES AFTER THE END OF SOCIALISM

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