Foreign Investment Fuels Industrial Hubs in Central and Eastern Europe
The article looks at how industrial areas grow in countries in Central and Eastern Europe. It compares different regions in these countries to see how well they develop industrial clusters. The researchers studied factors like how close resources are, how much demand there is for the products, and how many businesses are in the area. They found that foreign investment was important for the success of these industrial growth areas, leading to new clusters and supporting industries. Regions with limited capital and technology still succeeded by attracting activities from other places. Being close to customers in Western Europe was a big advantage, as it boosted demand for the products made in these growing industrial areas.