Lean, Special, or Consensual? Vulnerability and External Buffering in the Small States of East-Central Europe

This article embeds the small state experiences in East Central Europe into the broader comparative political economy literature. These broader debates have developed three propositions—one about the need for liberal orthodoxy in small, vulnerable states, a second about special forms of comparative advantage such small states might develop, and the third about the capacities of small states to adapt through consultation and compensation. We demonstrate the strengths and weaknesses of each in East Central Europe, and we then analyze a key scope condition for small states’ successful adaptation, namely the buffering function from the international system. Existing literature overemphasizes the impact of domestic strategies and downplays the contribution of the international system when accounting for small states’ successes (and failures) in recovering after major shocks. Only when domestic strategies are supported (rather than undercut) by external factors can small states recover and adapt.