Interpreting business mobility through socio-economic differentiation. Greek firm relocation to Bulgaria before and after the 2007 global economic crisis

Kapitsinis, Nikos ORCID: https://orcid.org/0000-0002-3285-9894 2018. Interpreting business mobility through socio-economic differentiation. Greek firm relocation to Bulgaria before and after the 2007 global economic crisis. Geoforum 96 , pp. 119-128. 10.1016/j.geoforum.2018.08.002

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Abstract

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.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Subjects:	G Geography. Anthropology. Recreation > G Geography (General) H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Publisher:	Elsevier
ISSN:	0016-7185
Funders:	University of Bristol
Date of Acceptance:	1 August 2018
Last Modified:	24 Oct 2022 07:07
URI:	https://orca.cardiff.ac.uk/id/eprint/114149

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