Deindustrialisation and reindustrialisation patterns in V4 countries – industry 4.0 as a way forward?

Abstract

ABSTRACT This contribution aims at: (i) mapping the deindustrialisation and reindustrialisation tendencies over the economic history of the Visegrad countries (Czechia, Hungary, Poland and Slovakia, henceforth, V4) since 1918 to 2022 by creating a cadastre of applied policy measures and evaluating their effectiveness; (ii) exploring whether the economic mentality of V4 countries allows current reindustrialisation policies to be effectively geared towards Industry 4.0? In order to understand the key features of industrialisation process in the V4s, a broad literature overview places emphasis on the economic characteristics of the region. It is also important to analyse the correlation between industrial policy in the XXth century and the new tendencies at the turn of the millennium by examining whether the current industrial policy mixes are serving economic resilience or grounding critical instability as a form of middle-income trap. Finally, it draws lessons for general- and V4-specific industrial policy in time of Industry 4.0.