%0 Journal Article
%T Reindustrialization of the European Union member states in the context
	of reshoring
%A Młody, Michał
%J International Business and Global Economy
%V 2016
%R 10.4467/23539496IB.16.033.5614
%N Volume 35/1
%P 455-467
%K backshoring, reshoring, European Union, reindustrialisation, industrial policy
%@ 2300-6102
%D 2016
%U https://ejournals.eu/en/journal/ibage/article/reindustrialization-of-the-european-union-member-states-in-the-context-of-reshoring
%X 
	In the recent years, the academic literature has repeatedly expressed its doubts with regard to the advantages of the relocation of production to low-cost Asian countries, drawing attention to the significant differences between the initially estimated and the actually achieved savings. As a result, some MNCs have undertaken activities which resulted in the decrease of the engagement in international operations (de-internationalisation) or in the transfer of business processes back to the home countries (reshoring). The current debate regarding the necessity of reindustrialisation of the EU member states, which has been taking place among scientists, business practitioners and politicians, is largely based on the expectations that the return of the production companies will contribute to the restoration of the competitiveness of the EU economies. The goal of the article is to evaluate the possibility of reindustrialisation of the EU in the context of its long-term industrial strategy and the reshoring trend, perceived as one of the main chances to strengthen the European industrial potential. The research was based on the conclusions drawn from the indepth and critical literature review.