Interpreting business mobility through socio-economic differentiation. Greek firm relocation to Bulgaria before and after the 2007 global economic crisis
Research output: Contribution to journal › Journal article › Research › peer-review
This paper explores the roots of firm relocation through the lens of the differentiation of economic and institutional framework across countries. Specifically, it examines movements of small- and medium-sized enterprises from Greece to Bulgaria, by comparing the pre- and post-crisis socio-economic conditions between the two countries. A cultural political economy perspective facilitates a firm-focused approach to the analysis of distinct political economies by examining the business decisions for relocating. Drawing upon original data from a fieldwork survey conducted in 2014, it is demonstrated that firm relocation from Greece to Bulgaria has recently increased due to the divergence of the socio-economic conditions between the two countries in the aftermath of the 2007 global economic crisis. Firm relocation was not perceived as a solely economic decision; rather, it reflected several aspects of the Greek political economy. Overall, this paper highlights the crisis-driven disruption of the differentiation of distinct political economies through the study of business mobility.
Original language | English |
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Journal | Geoforum |
Volume | 96 |
Pages (from-to) | 119-128 |
Number of pages | 10 |
ISSN | 0016-7185 |
DOIs | |
Publication status | Published - 2018 |
Externally published | Yes |
Bibliographical note
Funding Information:
This work was supported by the University of Bristol [grant number GEOG.HF6175 ].
Publisher Copyright:
© 2018 Elsevier Ltd
- Bulgaria, Cultural political economy, Firm relocation, Greece, Socio-economic differentiation
Research areas
ID: 291678495