Abstract
The opening up of the East bloc countries changed the political location of Austria substantially: before 1989, Austria was — as a neutral country — directly in between two major blocs. Nowadays Austrian is right in the centre of a region called Central Europe. As old relationship are renewed and new co-operation are ventured, the impact of this process can already be identified. Overall Austrian exports to the surrounding former East bloc countries have been augmented substantially. At the same time numerous joint-ventures (Stankovsky, 1993) have been established taking advantage of the huge local demand and the favourable labour costs (not exceeding 1/10 of the Austrian labour costs). However these cost advantages of the producers in the former East bloc countries also make them serious competitors for Austrian firms on Austrian and international markets in more labour intensive, low technology industries (textiles, steel, cement).
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© 1994 Springer-Verlag Berlin Heidelberg
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Leo, H. (1994). Technological Position and Industrial Structure of Austria. In: Böhm, B., Punzo, L.F. (eds) Economic Performance. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-51170-7_6
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DOI: https://doi.org/10.1007/978-3-642-51170-7_6
Publisher Name: Physica, Heidelberg
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