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Beyond The ‘Assembler Trap’: Reconciling Degrowth and Industrial Policy in Capital-Dependent Economies

Kovács, Olivér (2026) Beyond The ‘Assembler Trap’: Reconciling Degrowth and Industrial Policy in Capital-Dependent Economies. ICEG EC Research Report. pp. 1-6.

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Abstract

Degrowth research suggests that heterogeneity of growth models shall be taken into account. To this end, the growth model of the Visegrad countries (Czechia, Hungary, Poland and Slovakia, henceforth V4s) offers a fertile ground for theorizing whether a foreign-capital dependent region differs in terms of degrowth-approach from that of the capital-rich countries of the West. This short case study outlines how industrial policy can be reconciled with degrowth in case of V4s. In particular, it asks whether industrial policy can be repurposed to facilitate a transition away from quantitative growth toward a ‘wellbeing economy’.

Item Type: Article
Uncontrolled Keywords: V4, growth model, degrowth, wellbeing, path-dependency, FDI
Subjects: H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány > HB1 Macroeconomics / makroökonómia
H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány > HB2 Microeconomics / mikroökonómia
H Social Sciences / társadalomtudományok > HB Economic Theory / közgazdaságtudomány > HB4 Dynamics of the economy / gazdasági folyamatok
Depositing User: Dr. Olivér Kovács
Date Deposited: 07 Sep 2026 07:00
Last Modified: 07 Sep 2026 07:00
URI: https://real.mtak.hu/id/eprint/245575

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