The Core-Periphery Divide in the European Union by Rudy Weissenbacher

Author:Rudy Weissenbacher
Language: eng
Format: epub
ISBN: 9783030282110
Publisher: Springer International Publishing

With structures of peripheral capitalism, the story was entirely different. Peripheral integration into TNC networks (United States and European) happened before actual European integration processes. Vaitsos (1982a: 143) indicatesthat Greece , Portugal , and Spain , before entering the EEC , registered levels of foreign penetration comparable with, and in many cases higher than, those of the existing EEC members. The transnationals have not been waiting for the entry of Southern Europe into the EEC to expand their operations in these three countries. Under existing international economic relations, the forces of corporate integration have already established significant inroads in the European economies whether or not formal regional integration took place.

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